Fino Payments Bank has received RBI approval to extend Ketan Merchant’s tenure as Interim CEO for up to three months from August 27, 2026, or until a regular Managing Director and CEO is appointed, whichever comes earlier. The extension provides leadership continuity while the bank completes the process of selecting a permanent CEO. For students, the key point is that this is a banking-sector leadership and regulatory development, as the RBI plays an important role in approving senior management appointments in banks. The decision also ensures that Fino Payments Bank continues to have an interim head during the transition to permanent leadership.