back Back

Rajat Kumar Jain appointed as the Chairman of Fino Payments Bank

By Gloria Mathias

November 28, 2023

  • Bank Appointment
  • Chairman
  • Consumer
Share

Fino Payments Bank, Rajat Kumar Jain, Chairman, Fintech news, Bank Appointment, Payments Bank, India Bank, Navi Mumbai, Fintech news India, Fino Bank has appointed ex-MD of Xerox India and Walt Disney India Rajat Kumar Jain as Chairman of Fino Payments Bank. The bank is progressing on its plans for the next phase of digital-led growth and preparing for its evolution in the Fino 2.0 avatar.

The Bank has received approval from the Reserve Bank of India (RBI) via its letter dated November 24, 2023, for the appointment of Mr. Rajat Kumar Jain, Independent Director, as Part-time Chairman of the Bank w.e.f. November 24, 2023, till November 1, 2025.

Rajat Kumar Jain, an alumnus of IIT Delhi and IIM Ahmedabad, is an accomplished corporate executive turned entrepreneur, business mentor/angel investor and serves as a non-executive director on various Boards including group companies of Aditya Birla and Mahindra conglomerates.

Jain brings over three decades of strategic leadership experience across the Consumer, Telecom, Media, and Technology sectors. He is the Founder and Director of PadUp Ventures, a knowledge and mentoring platform that provides deep mentoring, incubation, and acceleration services to early-stage tech startups across sectors, including Fintech.

Rishi Gupta, MD & CEO, Fino Payments Bank said, “We are delighted about the appointment of Mr. Rajat Kumar Jain as the Part-time Chairman of the Board at a very crucial juncture of the Bank’s journey. His experience and expertise across sectors, especially in technology, will have a strong bearing on our business model. We are fortunate to have his guidance as Fino Bank strengthens its digital ecosystem to realise its growth potential.”

Rajat Kumar Jain said, “I am excited to be a part of the bank’s journey as its non-executive chairman of the board. It is an interesting phase, as the bank is on the cusp of its evolution into its new digital avatar. In a short span of six years, the bank has achieved remarkable milestones, with consistent profitability being the key. As the Bank aims to expand its horizons, I look forward to working with my colleagues at the board and senior management team at Fino Bank towards creating a differentiated digital Bank.”

Previous Article

November 28, 2023

PayTabs announces its expansion into card issuance

Read More
Next Article

November 28, 2023

FinTech Grey unveils new look to boost global expansion

Read More








IBSi Daily News Analysis

Fraud

February 23, 2024

Bank Appointment

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Ebury and Nium team to offer cross-border payments in Brazil

Read More

Today

Vencora acquires CREALOGIX to expand its banking technology services

Read More

Today

MultiPay teams up with Acquired.com to launch Pay By Bank

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023