RBI clears Pratap Singh as Fino Payments Bank CEO
In short
The RBI has approved Pratap Singh to be the managing director and CEO of Fino Payments Bank for three years. He is due to take charge from November 27, if shareholders approve it.
Singh will replace Ketan Merchant, who has been interim CEO since February 2026.
What the reporting says
The RBI has approved Pratap Singh as managing director and chief executive officer of Fino Payments Bank for three years. Singh, a banking veteran with more than 29 years of experience in India and the UK, is set to take charge from November 27, subject to shareholder approval. He will replace interim CEO Ketan Merchant, who has led the bank since February 2026.
Why it matters
The RBI has approved Pratap Singh as managing director and CEO of Fino Payments Bank for three years, with the bank saying he will take charge from November 27 subject to shareholder approval. Singh brings more than 29 years of banking experience across India and the UK. The appointment replaces interim CEO Ketan Merchant and gives the bank new top leadership.