Paytm Payments Bank has received RBI’s approval to appoint Surinder Chawla as its Managing Director and Chief Executive Officer, the business announced on Sunday.
The RBI, on the other hand, continues to prohibit Paytm Payments Bank from accepting 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,” the statement said.
Chawla formerly worked at RBL Bank as Head Of Branch Banking, where he was responsible for developing the CASA base, fee revenue, and cross-selling across channels.
“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,” PPBL Chairman Vijay Shekhar Sharma said.
