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RBI Approves Pratap Singh as New Fino Payments Bank CEO
13 Nov
Summary
- Pratap Singh appointed as new MD & CEO of Fino Payments Bank.
- RBI approval received for his three-year term starting November 27.
- Singh brings over 29 years of banking experience in India and the UK.
The Reserve Bank of India (RBI) has approved the appointment of Pratap Singh as the new Managing Director and Chief Executive Officer (MD and CEO) of Fino Payments Bank. This significant leadership change is set to take effect on November 27, with Singh's tenure slated for three years, pending shareholder confirmation.
Singh is a distinguished banking veteran, boasting over 29 years of rich experience garnered across both India and the United Kingdom. His expertise spans various crucial areas including retail banking, SME banking, liabilities management, and driving digital transformation initiatives.
His career includes notable roles at prominent financial institutions such as ICICI Bank India, ICICI Bank UK, and SBI UK. At ICICI Bank UK, he played a key role in reshaping the franchise into a diversified retail and SME banking platform.
Currently, Fino Payments Bank is being led by interim CEO Ketan Merchant, who stepped into the role following the earlier arrest of former MD and CEO Rishi Gupta in February.
