Ketan Merchant's Tenure as Interim CEO Extended

Exam-focused facts from the 28 August 2026 current affairs briefing.

Key facts

Fino Payments Bank board extended Ketan Merchant's tenure as interim CEO for three months effective August 27, 2026.
The extension is subject to approval of the Reserve Bank of India (RBI).
RBI had previously extended Merchant's tenure for three months effective May 27, 2026.
Merchant was appointed interim CEO after the arrest of Managing Director and CEO Rishi Gupta for violating Goods and Services Tax laws.
Prior to his appointment as interim CEO, Merchant was serving as Chief Financial Officer of the bank.