Ketan Merchant Named Interim MD & CEO of Fino Payments Bank
Ketan Merchant, who was serving as the Chief Financial Officer (CFO), will hold the interim post for a period of up to four months.
He succeeds Rishi Gupta, who stepped down following his arrest in connection with alleged GST violations.
Simultaneously, Anup Agarwal has been appointed as the Interim CFO of the bank for the same duration, effective from 6 March 2026.
Aspirants should note that such interim leadership changes are critical for maintaining regulatory compliance and business continuity in payment banks.
Key Facts / Static GK
Fino Payments Bank was incorporated in: 2017
RBI allows Payments Banks to accept deposits up to: ₹2 lakh
Q Practice Quiz — 10 March 2026
1. What is the total amount raised by the Bank of Baroda through its maiden domestic green infrastructure bond issuance?
Explanation: Bank of Baroda raised a total of ₹10,000 crore, which includes a base issue of ₹5,000 crore and a greenshoe option of ₹5,000 crore.
2. Which of the following variants of the HDFC-Swiggy co-branded credit card is specifically designed for premium lifestyle spending?
Explanation: The Swiggy BLCK HDFC Bank Credit Card is designed for premium lifestyle spending, while the Ornge variant is for daily shoppers.
3. The completion of which corridor marked the operationalization of India's first ring metro network in Delhi?
Explanation: The inauguration of the Majlis Park–Maujpur Babarpur corridor of the Pink Line completed the first ring metro network in India.
4. Consider the following statements regarding the newly formed SEZ Policy Reform Committee: 1. It is a 17-member committee established by the GoI. 2. The committee aims to develop the 'SEZ 2.0' policy. 3. It must submit its concept paper within one year. Which of the statements given above is/are correct?
Explanation: Statements 1 and 2 are correct. Statement 3 is incorrect because the committee is required to submit the concept paper within six months, not one year.
5. BEL has signed an MoU with which aerospace company to develop satellite systems for Very Low Earth Orbit (VLEO) missions?
Explanation: BEL and Bellatrix Aerospace signed an MoU to jointly develop satellite systems and payloads for Very Low Earth Orbit (VLEO) missions.
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