The Reserve Bank of India (RBI) has approved the reappointment of Rishi Gupta as Managing Director and Chief Executive Officer of Fino Payments Bank Ltd. Gupta, who has led the bank since its inception, will continue steering its digital-first strategy, financial inclusion initiatives, and expansion in India’s competitive fintech landscape.
In a significant development for India’s fintech sector, the Reserve Bank of India (RBI) has approved the reappointment of Rishi Gupta as Managing Director and CEO of Fino Payments Bank Ltd. Gupta, a founding leader of the institution, has been instrumental in shaping Fino’s journey as one of India’s pioneering payments banks.
Key highlights:
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Gupta has overseen Fino’s transformation into a digital-first financial services provider, focusing on last-mile connectivity and financial inclusion.
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Under his leadership, Fino Payments Bank has expanded its distribution network to over 1 million banking points, serving rural and semi-urban customers.
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The reappointment signals continuity in Fino’s strategy to leverage technology-driven solutions for low-cost banking and payments.
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Analysts note that Gupta’s leadership has been critical in driving profitability and customer acquisition, positioning Fino as a strong player in India’s evolving digital banking ecosystem.
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The RBI’s approval reinforces confidence in Fino’s governance and long-term growth trajectory.
Gupta’s continued stewardship is expected to accelerate Fino’s push into new product offerings, including micro-savings, insurance, and remittance services, while strengthening its role in India’s financial inclusion agenda.
Sources: Reuters, Economic Times, Business Standard