Fino Payments Bank Limited informed that pursuant to the recommendations of the Nomination and Remuneration Committee, the Board of Directors of Fino Payments Bank Limited at its meeting held on August 11, 2023 has approved the appointment of Mr. Rajat Kumar Jain (DIN: 00046053), Independent Director, as Part-time Chairman of the Bank with effect from the date of approval of the Reserve Bank of India till the completion of his current term as an Independent Director i.e. till November 01, 2025, subject to the approval of the RBI. The brief profile of Mr. Rajat Kumar Jain is given hereunder: Rajat Kumar Jain is an independent director of the Bank. He is an alumnus of IIT Delhi and IIM Ahmedabad.

He has over 30 years of experience in helming various leadership roles in sectors across Consumer, Telecom, Media & Technology in India. He is the Founder Director of PadUp Ventures, a knowledge and mentoring platform, which provides deep mentoring and incubation services to early stage tech startups across sectors including Fintech. He also serves as non-executive director on several boards and advisory boards.

Having worked across Consumer, Telecom, Media & Technology sectors, he has acquired expertise in distribution, sales and commercial; understanding consumers and enterprises across various spaces, building and working with teams and growing businesses that revolve around services & brands. He has also built multifunctional expertise, strong market and industry knowledge and an enviable industry network.