Brief by Shorts91 Newsdesk / 01:18pm on 09 Apr 2024,Tuesday Business
Surinder Chawla, the Managing Director and CEO of Paytm Payments Bank Limited (PPBL), has tendered his resignation, according to a stock exchange filing by Paytm. The resignation, attributed to "personal reasons," was announced by PPBL. Chawla's departure comes amidst regulatory scrutiny, with the RBI barring Paytm Payments Bank from onboarding new customers earlier this year due to compliance issues. Paytm stated that Chawla will be relieved from his position by June 26, 2024, unless otherwise mutually agreed upon. The company expressed gratitude for his contributions and wished him success in his future endeavors.
