Paytm Payments Bank’s managing director (MD) and chief executive officer (CEO), Surinder Chawla, has submitted his resignation, as stated in a regulatory filing by One97 Communications, the owner of the Paytm brand, on Tuesday, April 9. Chawla’s departure comes amid regulatory actions by the Reserve Bank of India (RBI) against Paytm Payments Bank.
According to the filing, “Surinder Chawla, Managing Director and CEO of PPBL, has tendered his resignation on April 8, 2024, citing personal reasons and a desire to explore better career opportunities. He is scheduled to be relieved from PPBL effective at the close of business hours on June 26, 2024, unless mutually agreed otherwise.” Chawla had joined Paytm Payments Bank in January of the previous year.
