New Delhi: Paytm Payments Bank has received banking regulator RBI’s approval to appoint Surinder Chawla as its Managing Director and CEO, the company said in a statement on Sunday. However, the RBI continues to block Paytm Payments Bank from onboarding new customers.
“Paytm Payments Bank Limited (PPBL) has appointed veteran banker Mr. Surinder Chawla as its new Managing Director (MD) and Chief Executive Officer (CEO). The appointment has been approved by the Reserve Bank of India for a period of three years, said in the statement.
Prior to joining PPBL, Chawla was working with RBL Bank, where he served as Head of Branch Banking and focused on expanding CASA base, fee revenue and cross-selling across channels.
PPBL President Vijay Shekhar Sharma said, “I am delighted to welcome Surinder to Paytm Payments Bank to drive our unwavering commitment to deepen financial inclusion and provide an exceptional mobile-first banking experience in India “