Surinder Chawla MD & CEO of Paytm Payments Bank resigns

New Delhi: The Paytm Payments Bank, an associate entity of the One 97 communication, well known as Paytm today updates about the resignation of the PPBL's Managing Director and CEO Mr. Surinder Chawla, the company informed on April 8, 2024.

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According to the BSE filling it is said that Mr. Surinder Chawla, Managing Director and CEO of PPBL has tendered his resignation on April 8, 2024, on account of personal reasons and to explore better career prospects. He will be relieved from PPBL w.e.f. close of business hours on June 26, 2024, unless changed by mutual consent

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As informed earlier, nearly all agreements between the Company and PPBL have been terminated as per our disclosure on March 1, 2024, and the board of PPBL has been reconstituted with five independent directors including an Independent Chairperson, and no nominees from the Company, as per our disclosure on February 26, 2024. In line with our ongoing efforts, the Company continues to collaborate with banking partners to enhance our merchant acquiring and UPI services. 

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