Paytm news bulletin: Surinder Chawla, the Managing Director and CEO of Paytm Payments Bank, resigns from his position

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Paytm news update
surinder chawla

Paytm news update:

On Tuesday, troubled fintech firm Paytm revealed that Surinder Chawla has tendered his resignation as the CEO of its banking arm, Paytm Payments Bank, citing “personal reasons.” The company stated that Chawla’s departure would take effect from June 26, but did not disclose any details regarding his potential replacement.

‘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,” One97 Communications, Paytm brand owner, said in a regulatory filing.

Paytm news:

According to Hindustan Times news agency,Paytm founder chairman Vijay Shekhar Sharma last month stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited, leading to a reconstitution of the board with experienced figures from the banking sector and retired Indian Administrative Service (IAS) officers.

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