India, Nov. 13 -- Over six months after Rishi Gupta stepped down from his role as CEO of Fino Payments Bank, the fintech company is now set to get a new managing director (MD) and CEO. Today, the Reserve Bank of India (RBI) approved the appointment of ICICI Bank veteran Pratap Singh as its new MD and CEO for 3 years.

Singh is set to take charge by November 27.

"The board of directors of the bank shall take necessary steps for his appointment, which will be subject to approval of shareholders of the bank. The bank will be intimate to the stock exchanges when Pratap Singh formally takes charge as the MD & CEO of the bank," Fino said.

The new CEO brings over 29 years of experience across the banking sector in India and the UK. He has held...