Surinder Chawla is appointed as the new MD and CEO of Paytm Payments Bank
- ByStartupStory | January 9, 2023
Surinder Chawla has been named as the new Managing Director & Chief Executive Officer of Paytm Payments Bank Limited (PPBL). One 97 Communications stated in a regulatory filing on Sunday that RBI has authorised this appointment. One 97 Communications, the firm that owns the Paytm name, is a partner of PPBL.
Satish Kumar Gupta, who retired in October 2022, is replaced by him. Since that time, Deependra Singh Rathore has been PPBL’s interim CEO.
Chawla was formerly the Head of Branch Banking at RBL Bank and has almost three decades of expertise in retail banking. Chawla, a chartered accountant, worked for HDFC Bank for almost 12 years in several top management positions before joining RBL Bank in 2013. His last post there was Head of the Retail Liabilities Product Group.
“I am pleased to welcome Surinder to Paytm Payments Bank to drive our unwavering commitment to deepening financial inclusion and offering an exceptional mobile-first banking experience in India. His rich experience in banking and deep understanding of the Indian financial landscape will bring the necessary expertise to further empower Paytm Payments Bank’s mission,” said Vijay Shekhar Sharma, Chairman of Paytm Payments Bank Board.
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