Company updateInc42
Fino Payments Bank Gets New MD & CEO
Negative-386 sources
GreyOak summary
The Reserve Bank of India approved Pratap Singh as the new MD and CEO of Fino Payments Bank, effective November 27. This leadership change follows the arrest of former CEO Rishi Gupta and the bank's recent quarterly net loss of ₹20.9 Cr. Fino aims to convert to a small finance bank despite regulatory scrutiny and declining transaction throughput.
What it affects
- Fino Payments BankFINOPBNegative -38
New MD & CEO appointed amid lossesRolling sentiment Neutral +5
Source
Read the original at Inc42More Fino Payments Bank news
- Fino Payments Bank deposits cross ₹3,000 crore; loans jump 316%CNBC-TV18 · Company update ·