Fino Payments Bank has named its Chief Financial Officer, Ketan Merchant, as Interim CEO to maintain stability during a key leadership transition. Merchant, who joined the organization in 2022, offers deep expertise in financial management, risk oversight, and scaling operations, drawn from his earlier positions at major banks like Kotak Mahindra and Yes Bank.
This internal promotion comes at a moment when the bank faces heightened regulatory focus and aims to expand its digital payment solutions for underserved communities across India. Merchant will guide critical areas such as compliance enhancement, cost optimization, and innovation in UPI-based services while a permanent CEO search continues.
As a leader in payments banking, Fino emphasizes accessible finance through its vast agent network, micro-deposits, and seamless mobile transactions, serving millions in rural and urban markets alike. Merchant’s financial acumen positions the bank to navigate competitive pressures and pursue long-term growth objectives effectively.
Fino Payments Bank Elevates CFO Ketan Merchant to Interim CEO Role
