Fino Payments Bank Ltd receives RBI nod for appointment of Part-time Chairman

RBI vide its letter dated November 24, 2023, has approved the appointment of Mr. Rajat Kumar Jain, Independent Director, as Part-time Chairman of Fino Payments Bank Limited w.e.f. November 24, 2023 till November 01, 2025.

Rajat Kumar Jain is an independent director of the Bank. He is an alumnus of IIT Delhi and IIM Ahmedabad.

He has over 30 years of experience in helming various leadership roles in sectors across Consumer, Telecom, Media & Technology in India. He is the Founder Director of PadUp Ventures, a knowledge and mentoring platform, which provides deep mentoring and incubation services to early stage tech startups across sectors including Fintech. He also serves as non-executive director on several boards and advisory boards.

Having worked across Consumer, Telecom, Media & Technology sectors, he has acquired expertise in distribution, sales and commercial; understanding consumers and enterprises across various spaces, building and working with teams and growing businesses that revolve around services & brands. He has also built multifunctional expertise, strong market and industry knowledge and an enviable industry network.

Shares of Fino Payments Bank Limited was last trading in BSE at Rs. 275.20 as compared to the previous close of Rs. 270.65. The total number of shares traded during the day was 5401 in over 319 trades.

The stock hit an intraday high of Rs. 280.85 and intraday low of 269.25. The net turnover during the day was Rs. 1472595.00.

Source : Equity Bulls

Keywords

FinoPaymentsBank RBIApproval Appointment PartTimeChairman