News Update

Paytm receives RBI’s approval to appointment Surinder Chawla as CEO

• ByStartupStory     |    January 7, 2023

According to reports, Paytm Payments Bank has received approval from the Reserve Bank of India for the appointment of Surinder Chawla as its new CEO.

Chawla is currently serving as head of branch banking at RBL Bank. “It was on the cards, and the role transition at RBL Bank has been going on for quite some time,” a third person aware of the development said, seeking anonymity. He has been working here for nearly a decade now. 

Surinder Chawla joined RBL Bank after working for 11 years at HDFC Bank, where he held positions such as head of retail liabilities product group and senior executive vice-president. 

Satish Kumar Gupta, CEO of Paytm Payments Bank, retired in October 2022. Since then Deependra Singh Rathore has been serving as interim CEO of the payments bank. As per reports, In October, Paytm said that the bank would announce the “new full-time CEO after receiving regulatory approvals.”

Follow Startup Story