Rajat Kumar Jain Appointed As Part-time Chairman Of Fino Payments Bank
Fino Payments Bank has received approval from the Reserve Bank of India (RBI) for the appointment of Rajat Kumar Jain, Independent Director, as Part-time Chairman, effective from 24 November, 2023, until 1 November, 2025, according to the RBI's letter dated 24 November, 2023.
Rajat Kumar Jain, an alumnus of IIT Delhi and IIM Ahmedabad, is an accomplished corporate executive turned entrepreneur and angel investor.
Serving 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 in Consumer, Telecom, Media, and Technology sectors.
Additionally, he is the founder director of PadUp Ventures, a knowledge and mentoring platform offering deep mentoring, incubation, and acceleration services to early-stage tech startups, including fintech.
Rishi Gupta, MD & CEO of Fino Payments Bank, expressed delight at Jain's appointment, emphasising the valuable guidance he brings to Fino Bank as it strengthens its digital ecosystem for future growth.
Fino Payments Bank, a subsidiary of Fino Paytech, is supported by prominent investors such as Bharat Petroleum, ICICI group, Blackstone, IFC, Intel, and LIC, among others.
Rajat Kumar Jain shared his excitement about being part of Fino Bank's journey as the Non-Executive Chairman of the Board. He looks forward to collaborating with the Board and the senior management team to contribute to the creation of a distinctive digital bank as Fino aims to broaden its horizons.
