Fino Payments Bank turns to AI as it prepares to become a small finance bank
Fino Payments Bank is strategically integrating artificial intelligence and Robotic Process Automation, partnering with Ezee.ai, to develop a robust lending and collections ecosystem to boost operational efficiency and customer experience. This initiative is a key component of its ongoing transition to a Small Finance Bank (SFB), for which it received in-principle approval from the Reserve Bank of India in December 2025. The bank aims to complete its SFB conversion within approximately 12 months, anticipating exponential profit growth and a 15-20% reduction in operational costs through AI-driven collections.
Jun 01 2026 21:04:30
Stocks in news: ITC, LIC, Sun Pharma, Maruti Suzuki, Fino Payments Bank
Fino Payments Bank reported a 204% year-on-year surge in loan referral disbursals to ₹166 crore in April 2026, with average total deposits increasing by 13% to ₹2,801 crore. The bank also saw digitally active customers grow by 19%, though transaction business throughput declined by 47% due to strategic recalibration.
May 22 2026 06:11:00
Fino Payments Bank Limited
FINO Payments Bank announced that CEO-MD Rishi Gupta will cease to hold office due to superannuation. Ketan Merchant has been appointed as interim CEO for 3 months, and Anup Agarwal as interim CFO for 3 months, indicating a leadership transition.
May 21 2026 21:05:03
Fino Payments Bank Limited
Fino Payments Bank's MD & CEO, Rishi Gupta, voluntarily retired effective May 21, 2026. The Board had cleared him in a GST intelligence investigation, finding no prima facie case. The tenures of Interim CEO Ketan Merchant and Interim CFO Anup Agarwal were extended for 3 months.
May 21 2026 20:43:13
Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Change in Management
Fino Payments Bank's MD & CEO, Mr. Rishi Gupta, resigned due to voluntary early retirement, effective May 21, 2026. This follows the board's finding of no prima facie case against him in a GST Intelligence investigation.
May 21 2026 20:42:46
Fino Payments Bank Ltd - 543386 - Board Meeting Outcome for Outcome Of The Board Meeting And Intimation Under Regulation 30 Read With Schedule III Of SEBI LODR
Fino Payments Bank announced the voluntary resignation of Mr. Rishi Gupta from the position of MD & CEO, effective May 21, 2026. The Board accepted his request after earlier finding no prima facie case against him in an investigation. Concurrently, the Bank extended the tenures of Interim CEO Mr. Ketan Merchant and Interim CFO Mr. Anup Agarwal for up to three months to ensure continuity.
May 21 2026 20:39:03
Fino Payments Bank Limited
Fino Payments Bank's MD & CEO, Rishi Gupta, voluntarily retired effective May 21, 2026. The Board had cleared him in a GST intelligence investigation, finding no prima facie case. The tenures of Interim CEO Ketan Merchant and Interim CFO Anup Agarwal were extended for 3 months.
May 21 2026 20:38:32
Fino Payments Bank Ltd - 543386 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Fino Payments Bank will engage with New Horizon Financial Advisors LLP in a virtual one-to-one meeting on May 20, 2026. This interaction is for general discussions, with no unpublished price sensitive information to be shared.
May 19 2026 18:03:49
Fino Payments Bank Ltd - 543386 - Business Update For The Month Of April, 2026
Fino Payments Bank released its April 2026 business update, reporting a 13% YoY increase in average total deposits to Rs.2,801 crore. Loan referral disbursals also grew significantly by 204% YoY to Rs.166 crore.
May 08 2026 16:30:31
Fino Payments Bank Limited
Fino Payments Bank published the transcript for its Q4 FY26 earnings call. Management discussed strategic de-risking, strong growth in customer deposits to ₹2,957 crores, and the ongoing transition to a Small Finance Bank, including a ₹200 crore investment in Finacle migration.
May 04 2026 16:48:33
Read More