Reserve Bank of India (RBI) extends tenure of Fino Payments Bank interim CEO

Exam-focused facts from the 30 May 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) approved the extension of Ketan Merchant's tenure as interim CEO of Fino Payments Bank for three months.
The extension is effective from May 27, 2026, as per an RBI letter dated May 25, 2026.
Ketan Merchant was initially appointed as interim CEO in March for a period of three months.
Former MD and CEO Rishi Gupta resigned on May 21, 2026, following his arrest by GST officials in a tax evasion fraud case.
Shares of Fino Payments Bank closed at ₹128.70 on the Bombay Stock Exchange (BSE), marking a 2.71 per cent increase.