Vijay Shekhar Sharma steps down as Paytm Bank's chairman
Monday, 26 February 2024 Vijay Shekhar Sharma, the founder of Paytm Payments Bank, has resigned as the non-executive chairman of the bank's board, following the Reserve Bank of India's restrictions on the bank's operations. Bhavesh Gupta, the nominee director of the bank's parent company, One97 Communications, has also stepped down. However, Sharma will continue to lead One97 Communications, and Paytm app will function as a third-party application provider for UPI transactions. The bank has appointed Srinivasan Sridhar, the former chairman of Central Bank of India, along with three others, as new board members.
Paytm CEO Vijay Shekhar Sharma has resigned as non-executive chairman and board member of Paytm Payments Bank amid regulatory challenges faced by the digital payments giant.
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Paytm Payments Bank crisis: Amidst regulatory pressures, digital payments company Paytm announced on Monday that CEO Vijay Shekhar Sharma would step down from... IndiaTimes
Monday, 26 February 2024
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