Paytm Payments Bank has received RBI approval to appoint Surinder Chawla as its new CEO. Chawla is currently the head of branch banking at RBL Bank. According to Mint, Chawla’s appointment as CEO of Paytm Payment Bank has been in the works for some time, and he has also been in a role transition at RBL Bank.
Paytm Payments Bank has been subject to regulatory scrutiny for some time, with the RBI prohibiting it from accepting new customers in March 2022. The company is a joint venture between Paytm and its founder, Vijay Shekhar Sharma, who owns 51% of the company.