Appointments 14 November 2026
RBI Approves Appointment of Pratap Singh as MD & CEO of Fino Payments Bank
Why in the News?
The Reserve Bank of India (**RBI**) has approved the appointment of **Pratap Singh** as the Managing Director (MD) and Chief Executive Officer (CEO) of **Fino Payments Bank** for a tenure of **three years**.
Key Features / Major Points:
- Effective Date & Experience:
- The appointment is effective from **November 27, 2026**, or from the date of taking charge.
- Pratap Singh brings over 29 years of extensive experience in the banking sector.
- Background Context:
- Chief Financial Officer (CFO) Ketan Merchant was serving as the interim CEO following the departure of former MD & CEO Rishi Gupta.
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Static GK Facts:
- Fino Payments Bank:
- Founded: **2017** | Headquarters: **Mumbai, Maharashtra**.
- Reserve Bank of India (RBI):
- Established: **April 1, 1935** | Headquarters: **Mumbai, Maharashtra**.
- Current Governor (26th): **Sanjay Malhotra**.
One-Liner Quiz (All Competitive Exams):
Q: Who has been approved by the RBI as the new MD & CEO of Fino Payments Bank in November 2026?
A: Pratap Singh
Q: Where is the headquarters of Fino Payments Bank located?
A: Mumbai, Maharashtra
Q: Who is the current 26th Governor of the Reserve Bank of India?
A: Sanjay Malhotra
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