RBI approval for Fino Payments Bank board
The Reserve Bank of India has approved a 9-member board of directors for Fino Payments Bank. Mahendra Kumar Chouhan, a leading management consultant and an authority on corporate governance, will be the nonexecutive chairman of Board. The other independent directors are Punita Kumar Sinha, former MD of Blackstone USA, Narendra Kumar Ambwani, former MD of Johnson & Johnson (India & Indonesia), N. Venkiteswaran, former IIMAHMEDABAD professor and Dr Ganesh Natarajan, former MD of Zensar Technologies and the current chairman of Nasscom Foundation. There are also three nominee directors - Amit Jain from Blackstone, Anirudh Kamani from ICICI Bank and Pramod Sharma from BPCL, representing investors. Rishi Gupta, who has been appointed MD of the payments bank, will also be on the board.