Paytm Payments Bank’s MD and CEO Surinder Chawla resigns

New Delhi: Surinder Chawla, the Managing Director and CEO of Paytm Payments Bank, has resigned from his position, a regulatory filing of the company revealed on April 9.

One97 Communications, the parent company of Paytm, said, “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,” One97 Communications, Paytm brand owner, said in a regulatory filing.

Chawla assumed the role of MD and CEO of Paytm Payments Bank in January last year, after the bank’s approval from the RBI. Chawla’s resignation comes after regulatory actions, including Vijay Shekhar Sharma stepping down as part-time non-executive Chairman. The bank’s board has also been restructured due to regulatory issues.

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