India, Jan. 28 -- Shares of Fino Payments Bank zoomed close to 9% to INR 227.45 during the intraday trading on the BSE today. The uptick came after the bank, which is currently in the process of converting into a small finance bank (SFB), said that the RBI has approved the reappointment of Rishi Gupta as its MD and CEO for a period of three years, with effect from May 2, 2026.

Gupta, a chartered accountant, was part of the founding team of Fino Payments Bank, helming finance and corporate functions as its CFO since 2006. He took up the role of COO in 2013 before taking up the MD and CEO position in 2015. He has been at the helm since then.

"One of the key achievements of Rishi Gupta is to inculcate the compliance culture in the bank. As...