Paytm Payments Bank: MD and CEO Surinder Chawla resigns

Surinder Chawla, MD and CEO of Paytm Payments Bank, facing sanctions from the Reserve Bank of India, has resigned. He announced his resignation from both posts on Tuesday (April 9). Chawla’s resignation will be effective from June 26 this year. Vijay Shekhar Sharma’s company One97 Communications (Paytm) said that Surinder Chawla has decided to part ways from the bank for personal reasons and to explore better career prospects.

Surinder Chawla will be relieved from job on 26th June

Surinder Chawla, managing director (MD) and chief executive officer (CEO) of the company’s banking arm Paytm Payments Bank Limited, has resigned with effect from June 26, 2024, One97 Communications has reported. In a letter sent to the bank’s parent company, he expressed personal reasons and his desire to explore new career opportunities. The company has asked Chawla to leave the bank on June 26. Unless changes are made with mutual consent.

Chawla is very experienced in banking sector

Veteran banker Surinder Chawla took charge of Paytm Payments Bank on January 9, 2023. His appointment was approved by the Reserve Bank for 3 years. Earlier, Chawla has worked in banks like HDFC Bank, Standard Chartered Bank, ABN Amro Bank and RBL. Here he worked to promote banking business and digital transactions. He has about 24 years of experience in the banking sector. When he got the responsibility of Paytm Bank. Earlier, in November 2022, RBI had banned adding new online merchants to the bank.