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 (`the Bank') through a Circular Resolution passed on September 03, 2022 has approved the appointment of Mr. Suresh Kumar Jain (DIN: 05103064), Independent Director, as Part-time Chairman of the Bank with effect from September 03, 2022 till January 15, 2024 (i.e. till the completion of 1st term of Mr. Suresh Kumar Jain as an Independent Director) subject to the approval of Reserve Bank of India. Mr. Suresh Kumar Jain is an independent director in Bank. He holds a bachelor's degree in science (honors), Master's in Economics, and Diploma in Personnel Management & Labour Welfare.

He is a certified associate of the Indian Institute of Bankers. He has been a banker for over 36 years and was a General Manager of Bank of India. He was selected by Government of India as Executive Director of Union Bank of India and retired in May 2014.

Besides his experience in domestic market he has experience in dealing in credit and foreign exchange, with stints in London and Hong Kong.