Fino Payments Bank board gets RBI approval, Rishi Gupta to be the Managing Director & CEO of the new bank

The high powered board comprises of eminent individuals who are highly accomplished professionals from fields as diverse as IT, Retail, FMCG, Banking & Finance, Agri & Rural, Board Advisory and Academics.

Fino Payments banks will be governed by a strategic board comprising of high powered professionals with deep knowledge and diverse expertise.

Mahendra Kumar Chouhan, a leading management consultant and an authority on corporate governance will be the non-executive Chairman of Board.

Other independent directors are Mrs. Punita Kumar Sinha, a leading financial expert & former MD of Blackstone USA, Narendra Kumar Ambwani, former MD of Johnson & Jonhson (India & Indonesia), N. Venkiteswaran, former IIM-Ahmedabad professor with expertise in Mergers & Acquisitions, and  Ganesh Natarajan, former MD of Zensar Technologies and the current Chairman of Nasscom Foundation.

In addition, there will be three nominee directors, Amit Jain from Blackstone, Anirudh Kamani from ICICI Bank and Pramod Sharma from BPCL, representing investors.

On board is also Rishi Gupta as the Managing Director and CEO of Fino Payments Bank.

“It’s a great privilege to have such eminent persons on our board who will govern and guide Fino Payments Bank with their collective wisdom. We are excited to work with the multi-faceted board who we believe will provide us strategic direction in our efforts to become the preferred bank for our customers,” said Rishi Gupta, MD & CEO, Fino Payments Bank.

It may be noted that Fino received final nod from RBI on Mar 31, 2017 to start payments bank.

Fino Payments Bank is all set to roll out its operations soon as it look to get all regulatory approvals in place for a successful launch and smooth functioning.