India, March 7 -- About a week after its MD & CEO Rishi Gupta's arrest, Fino Payments Bank has appointed its CFO Ketan Merchant as its new interim CEO.  The Nomination and Remuneration Committee of the bank approved Merchant's appointment as its acting CEO for a period not exceeding four months post approval from the RBI.

Meanwhile, Fino's head of finance, investor relations and analytics Anup Aggarwal will step up to fill in the CFO role while Merchant oversees the bank's operations as its CEO for a period not exceeding four months. 

To ensure continuity, the board has constituted a committee of directors and senior executives to oversee operations, with Merchant supervising day-to-day operations in the absence of Gupta, Fino...