Fino Paytech, which has received a payments bank license has secured the RBI approval to set up a 9-member board of directors for the bank. Mahendra Kumar Chouhan, a leading management consultant and an authority on corporate governance. will be the non-executive chairman of board. The other independent directors are Punita Kumar Sinha, a leading financial expert & former MD of Blackstone USA, Narendra Kumar Ambwani, former MD of Johnson & Johnson (India & Indonesia), N. Venkiteswaran, former IIM-Ahmedabad professor, and Ganesh Natarajan, former MD of Zensar Technologies and the current Chairman of Nasscom Foundation. In addition, there will be three nominee directors – Amit Jain from Blackstone, Anirudh Kamani from ICICI Bank and Pramod Sharma from BPCL, representing investors. Rishi Gupta will be the MD and CEO of the payments bank.
