The board comprises of professionals from fields as diverse as IT, Retail, FMCG, Banking & Finance, Agri & Rural, Board Advisory and Academics. Mahendra Kumar Chouhan, a leading management consultant will be the non-executive Chairman of Board. Other independent directors are Punita Kumar Sinha, former MD of Blackstone USA, Narendra Kumar Ambwani, former MD of Johnson & Jonhson (India & Indonesia), N. Venkiteswaran, former IIM-Ahmedabad professor with expertise in Mergers & Acquisitions, and Dr. Ganesh Natarajan, former MD of Zensar Technologies and the current Chairman of Nasscom Foundation.
Fino received final nod from RBI on March 31, 2017 to start payments bank. Earlier, Fino raised Rs 400 crore for its payments bank with oil major BPCL investing Rs 251 crore helping it to reduce its foreign shareholding.