Fino Payments Bank Limited has informed the BSE and NSE about a significant change in its senior management, with the resignation of Mrs. Pratima Thomas, the Head of HR & CSR. The resignation, effective December 30, 2024, was due to personal commitments that required her to step down from her current position. As per mutual agreement, her last working day at Fino Payments Bank will be February 28, 2025. This change has been communicated in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Announcement

Mrs. Thomas, who has held the position of Head HR & CSR at Fino Payments Bank, has expressed her gratitude towards the company and its leadership team. In her resignation letter, she thanked Mr. Rishi Gupta, the MD & CEO, and the team at Fino for the opportunities and learning experiences provided during her tenure. She also conveyed her appreciation for the support and camaraderie that made her journey at the bank memorable.

While Mrs. Thomas' departure marks the end of an era for the HR & CSR division at Fino Payments Bank, the company remains committed to maintaining its leadership in these crucial areas. The resignation is a part of the ongoing changes within the company, as it continues to align its leadership with its long-term strategic goals.

Timeline and Future Steps

The bank has disclosed that the last working day of Mrs. Pratima Thomas will be February 28, 2025, which gives the company adequate time to ensure a smooth transition in the HR and CSR departments. The company has confirmed that there will be no immediate changes to the operations within these functions, and all responsibilities will be managed accordingly.

Compliance with SEBI Regulations

In accordance with the SEBI Listing Regulations, Fino Payments Bank has provided the necessary disclosures regarding this senior management change. The disclosure includes details of Mrs. Thomas' resignation and the terms of her resignation, including the last working day.

The company has confirmed that Mrs. Pratima Thomas is not related to any other director at Fino Payments Bank, and no further changes in the company’s board of directors are expected. Additionally, the bank has ensured compliance with the SEBI circulars dated July 13, 2023, and November 11, 2024, concerning such senior management changes.

Fino Payments Bank's Future

As Fino Payments Bank continues to grow and expand, it remains focused on strengthening its senior management team to drive the bank’s vision forward. HR & CSR will continue to play an integral role in its growth strategy, and the company is committed to ensuring that leadership transitions are smooth and that operations are not disrupted.

Conclusion

The resignation of Mrs. Pratima Thomas marks a pivotal moment in Fino Payments Bank's leadership. As the company continues its journey, it will adapt to changes and bring in new leaders to fulfill its strategic goals in HR and CSR functions. All stakeholders, including investors, employees, and customers, will be kept informed about the progress in these areas, and Fino Payments Bank will continue to ensure that such transitions align with the best interests of the organization.

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