Fino Payments Bank has reassured investors, customers, and industry observers that its strategic transition toward becoming a Small Finance Bank (SFB) remains firmly on schedule, despite the recent arrest of its Chief Executive Officer. The development, which initially triggered concerns across the banking and fintech sectors, prompted the bank to issue a clarification emphasizing operational continuity and governance stability.
The Mumbai-based digital banking institution stated that the leadership situation does not affect the company’s long-term transformation plans. According to the bank’s statement, its internal management structure and board oversight mechanisms remain intact, ensurin
...
