Paytm Payments Bank: Paytm Payments Bank Under RBI’s Glass, New CEO Coming –

Paytm Payments Bank: Surinder Chawla, an experienced and well-known name in the banking world, is set to become the Managing Director and CEO of Paytm Payments Bank. Formal consent has already been obtained in this regard. The Reserve Bank of India has approved the appointment, Paytm parent company One 97 Communications said. The last CEO of Paytm Payment Bank was Satish Kumar Gupta. He retired in October last year. Deependra Singh Rathore is currently taking over as the interim CEO. Recruitment of Surinder Chawla will be completed all formalities will be completed.

Paytm Payments Bank is being monitored. The Reserve Bank of India (RBI) has stopped accepting new customers in March 2022. Because of that, there is a problem with the bank’s operations. As a result, the bank’s performance is at rock bottom. As a result, standing there, the responsibility of this experienced banker is much higher than a group of experts. They feel that it will not be easy to continue the normal operations of the bank from the glass floor of the RBI and to return the bank to the old rhythm. But many think that Surinder Chawla is a worthy candidate for that. Because of his vast experience.

Veteran banker Surinder Chawla joins PPBL from Chartered Accountant and RBL Bank. Prior to joining RBL Bank in 2013, he held key senior management positions in HDFC Bank, India’s largest private lender, for 12 years. As Senior Executive Vice President of HDFC Bank, India’s largest private lender, Chawla also served as Head of South, East and North Regions at various points in his career. Chawla is highly experienced in the banking industry.

Incidentally, RBI has approved the appointment of Chawla for a tenure of 3 years. Paytm founder and CEO Vijay Shekhar Sharma, who is also chairman of the Paytm Payments Bank board, welcomed Surinder to the new post. Chawla’s experience in banking and his understanding of the Indian financial landscape will further strengthen Paytm Payments Bank’s operations.

Because, Chawla was responsible for CASA Base, Fee Revenue and Cross-Selling Across Channel while at RBL Bank. He always aimed to build a strong distribution network. Grabbing the market through it. So that RBL Bank can become the preferred bank of the customers.

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