Fino Payments Bank has appointed former Reserve Bank of India (RBI) executive Abhilash Ankathil as its Chief Compliance Officer (CCO), with the appointment taking effect from April 6, 2026. The decision was approved by the bank’s board and disclosed through a regulatory filing, highlighting a strategic move to strengthen its compliance framework.
Ankathil will serve a three-year term in the role. He brings over 25 years of experience in banking and financial regulation, having previously worked as a deputy legal adviser at the RBI until 2025. His expertise spans payment system regulation, legislative drafting,
According to the company, Ankathil has led legal teams at the RBI, advised operational units, and played a key role in drafting and interpreting laws. His appointment is expected to reinforce the bank’s governance and compliance capabilities, particularly in a highly regulated payments banking environment.
The leadership change follows the exit of former CCO Aashish Pathak, who stepped down citing personal reasons and served until March 31, 2026.
The appointment comes at a time when Fino Payments Bank is navigating increased regulatory scrutiny. Despite this, the bank has reported steady business growth, adding around 700,000 new accounts in the fourth quarter of FY26, taking its total customer base to approximately 17.5 million.
Additionally, the bank recorded deposits exceeding ₹2,950 crore in March 2026 and saw strong momentum in its lending business, with loan referral disbursements rising significantly. These developments underline the bank’s focus on maintaining growth while strengthening compliance and governance standards through experienced leadership.
 executive Abhilash Ankathil as its Chief Compliance Officer (CCO)){kind=link}