Deena Mehta Re-appointed as Independent Director of Fino Payments Bank

Fino Payments Bank (FPB) has re-appointed Deena Mehta as an Independent Director for a second term from March 19, 2025, to March 18, 2028. A highly experienced finance professional, Mehta has made significant contributions to the Indian capital markets and has been associated with key reforms, including the implementation of the BOLT trading system at BSE and the establishment of Central Depository Services (CDSL). Her expertise in finance, securities law, and capital market operations makes her a valuable addition to the board of FPB.

Key Highlights

Re-appointment Details

• Position: Independent Director, Fino Payments Bank.
• Term: March 19, 2025 – March 18, 2028.
• Approved by the Board of Directors of FPB.

Professional Qualifications

• Chartered Accountant (CA).
• Postgraduate Diploma in Securities Law.
• Master in Management Studies (Finance specialization).

Contributions to Capital Markets & Reforms

• Played a crucial role in the setup of the BOLT (BSE Online Trading) system at BSE.
• Instrumental in establishing the Central Depository Services (CDSL).
• Helped in streamlining Clearing Corporation BOISL.
• Served on the BSE Board for nine years.
• Held leadership positions as Vice President and President of BSE.

Significance of Re-appointment

• Her extensive experience in financial markets, securities law, and corporate governance will strengthen FPB’s leadership.
• Expected to contribute to FPB’s growth and strategic financial planning.
• Enhances investor confidence and governance in the bank.

Summary/Static	Details
Why in the news?	Deena Mehta Re-appointed as Independent Director of Fino Payments Bank
Position	Independent Director, Fino Payments Bank
Re-appointment Term	March 19, 2025 – March 18, 2028
Approval Authority	FPB Board of Directors
Educational Background	Chartered Accountant, PG Diploma in Securities Law, MMS (Finance)
Key Contributions to Capital Markets	Setup of BOLT system, CDSL, and Clearing Corporation BOISL
Past Roles	Served on BSE Board for 9 years, held positions of VP & President