Fino Payments Bank Limited announced that it has received an approval from Reserve Bank of India (RBI) vide its letter dated November 24, 2023, for appointment of Mr. Rajat Kumar Jain, Independent Director, as Part-time Chairman of the Bank with effect from November 24, 2023 till November 01, 2025. Mr. Rajat Kumar Jain, an alumnus of IIT Delhi and IIM Ahmedabad, is an accomplished corporate executive turned entrepreneur and business mentor /angel investor and serves as a non-executive director on various Boards including group companies of Aditya Birla and Mahindra conglomerates. Mr. Jain brings in over three decades of strategic leadership experience across Consumer, Telecom, Media and Technology sectors.

He is the Founder Director of PadUp Ventures, a knowledge and mentoring platform that provides deep mentoring, incubation and acceleration services to early stage tech startups across sectors including Fintech.