Rishi Gupta resigns as Fino Bank MD and CEO; seeks voluntary retirement
23 May 2026, 12:04 PMThe resignation came after the board of the payment bank had found him "fit and proper" to lead Fino as managing director and chief executive officer for a second term.
Share the story on
Rishi Gupta has resigned from his position of managing director and chief executive officer at Fino Payments Bank, and sought an early retirement from the leadership position.
The resignation came after the board of the payment bank had found him "fit and proper" to lead Fino as managing director and chief executive officer for a second term.
In addition, the board approved the extension of interim chief executive Ketan Merchant's tenure for a period not exceeding three months, effective May 27. This, however, is subject to regulatory approval.
Also, Anup Agarwal's tenure has been extended for up to three months as an interim CFO, with effect from July 6.
Gupta was earlier arrested in connection with an alleged GST evasion case. He was later released on bail after a month.
In December 2025, the payments bank had received in-principle RBI approval to convert into a Small Finance Bank, and just weeks earlier, its board had re-appointed Rishi Gupta as Managing Director and CEO for another three-year term.
"The Bank shall continue to ensure seamless continuity of its operations and services to its customers and stakeholders and shall continue to focus on the operationalisation of Small Finance Bank license within the stipulated timelines prescribed by the Reserve Bank of India," Fino disclosed in its stock filing.
Also read:
Rishi Gupta is out on bail. What next?; The cost of frivolous AI use
Fino Bank withholds MD Rishi Gupta's reappointment as it awaits RBI review
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
