Anita Pai & Neeta Mukerji Appointed As Additional Directors In Fino Payments Banks

Anita Sudhir Pai and Neeta Mukerji have been appointed as Additional Directors in the capacity of Independent Directors of the Fino Payments Bank. With the new additions, one-third of the Bank’s Board comprises women directors out of the total Board strength of eight members. The Board additions also came in at a time when the Bank had applied for a Small Finance Bank license.

The appointments assume significance as they provide diversity to the Board in terms of people, thoughts and professional expertise that help in further strengthening corporate governance, risk management, stakeholder engagement and digital innovation in the ever-evolving banking space.

Rajat Jain, Chairman, Fino Payments Bank said, “We are delighted to have on our Board seasoned banking professionals with rich and varied expertise. Further, with their presence, the board is richer in terms of diversity, fresh ideas and skill sets. On behalf of my colleagues on the Board, I welcome Anita Sudhir Pai and Neeta Mukerji as we embark on a journey of realizing our digital growth potential.”

Fino Payments Bank is a subsidiary of Fino Paytech, which is backed by marquee investors like Bharat Petroleum, ICICI group, Blackstone, IFC, Intel and LIC among others.

With such a knowledgeable and diverse Board the Bank aims to reap the benefits of robust decision-making and better risk management leading to improved business performance and stakeholder value creation.

Rishi Gupta, managing director (MD) and chief executive officer (CEO), Fino Payments Bank said, “As the Bank gears up for the next level of growth and gradual progression into mainstream banking, a diverse Board will certainly provide impetus to digital innovation, credit and risk management. We look forward to working collectively towards creating a differentiated digital Bank.”