Pratap Singh to be managing director and CEO, Fino Payments Bank

Fino Payments Bank has said that India’s Central bank has cleared Pratap Singh as managing director and CEO for three years starting end November 2026 or the date of his taking charge.

Singh holds a management degree in marketing from the Maastricht School of Management and a Bachelor of Science in botany from Delhi University.

He has 29 years of experience across India and the UK in areas like retail banking, SME banking, liabilities, digital transformation, branch-led profitability and operating model redesign.

Singh has earlier been associated with ICICI Bank, India, ICICI Bank, UK and State Bank of India, UK. At ICICI Bank UK, he served as head of retail and SME banking (UK & Europe). The bank had diversified into retail and SME banking, and built on current accounts, remittances, Commercial Real Estate (CRE) lending and digital channels during that time.

For financial year 2025-26, Fino posted total assets of ₹5,311 crore against ₹4,205 crore in the previous year. It saw a dip in total income during the time and closed the year with a loss of ₹82.97 crore.

The bank had in December 2025 received permission from the RBI to convert to a small finance bank, subject to progress within set targets. Singh’s appointment completes the transition of the bank since the earlier CEO was arrested for tax compliance reasons in February 2026 and sought voluntary retirement by May.

Ketan Merchant, a chartered accountant by profession and earlier chief financial officer, has been interim CEO of the bank.