NEW DELHI: Paytm Payments Bank’s managing director and CEO Surinder Chawla resigned from the corporate, as per a regulatory submitting on Tuesday. Chawla’s resignation coincides with Paytm Payments Bank going through regulatory motion from the RBI.
In a regulatory submitting, Paytm’s model proprietor One97 Communications mentioned, “Surinder Chawla, Managing Director and CEO of PPBL has tendered his resignation on April 8, 2024, on account of personal reasons and to explore better career prospects.He will be relieved from PPBL w.e.f. close of business hours on June 26, 2024, unless changed by mutual consent,”
Chawla assumed his position at PPBL in January final yr. Prior to that, he held the place of head of department banking at RBL Bank. Chawla has additionally labored with organisations reminiscent of HDFC Bank, Standard Chartered Bank, amongst others.
This growth follows Paytm Payments Bank halting fundamental banking providers practically a month in the past underneath directives from the RBI.
Additionally, the fintech agency headquartered in Noida disclosed to the exchanges that Paytm has terminated all ties with PPBL. Furthermore, the financial institution’s board has been reconstituted, now comprising 5 unbiased administrators together with an unbiased chairperson.
(With company inputs)
In a regulatory submitting, Paytm’s model proprietor One97 Communications mentioned, “Surinder Chawla, Managing Director and CEO of PPBL has tendered his resignation on April 8, 2024, on account of personal reasons and to explore better career prospects.He will be relieved from PPBL w.e.f. close of business hours on June 26, 2024, unless changed by mutual consent,”
Chawla assumed his position at PPBL in January final yr. Prior to that, he held the place of head of department banking at RBL Bank. Chawla has additionally labored with organisations reminiscent of HDFC Bank, Standard Chartered Bank, amongst others.
This growth follows Paytm Payments Bank halting fundamental banking providers practically a month in the past underneath directives from the RBI.
Additionally, the fintech agency headquartered in Noida disclosed to the exchanges that Paytm has terminated all ties with PPBL. Furthermore, the financial institution’s board has been reconstituted, now comprising 5 unbiased administrators together with an unbiased chairperson.
(With company inputs)
