Fino Payments Bank Secures RBI Approval to Appoint Pratap Singh as MD and CEO — November 13, 2026
Fino Payments Bank Limited has received regulatory clearance from the Reserve Bank of India (RBI) to appoint Pratap Singh as its Managing Director and Chief Executive Officer (MD & CEO).
In a regulatory filing submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the bank stated that the central bank communicated its approval via a letter dated November 12, 2026. The appointment will be effective for a period of three years starting from November 27, 2026, or the date he formally takes charge, whichever is earlier.
The formal appointment remains subject to the approval of the bank's shareholders. Fino Payments Bank confirmed that its Board of Directors will initiate the necessary procedural steps to conclude the appointment and notify the stock exchanges once Singh assumes office.
Experienced Industry Veteran
Pratap Singh brings more than 29 years of extensive experience in the banking sector across India and the United Kingdom. His career spans retail banking, SME banking, liabilities, digital transformation, operating model redesign, and branch-led profitability.
Key Career Highlights and Credentials:
- Held senior leadership assignments across premier financial institutions, including ICICI Bank India, ICICI Bank UK, and SBI UK.
- Spearheaded the strategic transformation of ICICI Bank UK from a corporate-focused entity into a diversified retail and SME banking franchise.
- Holds an MBA in Marketing from the Maastricht School of Management and a Bachelor of Science in Botany from the University of Delhi.
The lender also confirmed that Singh is an independent appointee and is not related to any of the existing directors or Key Managerial Personnel (KMP) of the bank, adhering strictly to corporate governance standards.
Strategic Significance for Market Investors
For market participants tracking Indian banking and fintech plays, the leadership transition marks a notable milestone. Fino Payments Bank has established an asset-light, merchant-heavy physical-to-digital network across semi-urban and rural markets.
Singh's track record in liability franchise building, branch productivity, and turning around banking operations is expected to bolster the bank’s efforts to expand low-cost deposit mobilization and enhance fee-based revenue streams. Following the disclosure, shares of Fino Payments Bank traded in focus on domestic bourses as investors digested the leadership transition.
