Paytm Payments Bank MD, CEO Surinder Chawla resigns

Paytm Payments Bank's Managing Director (MD) and CEO Surinder Chawla has resigned from the company. He tendered his resignation on April 8, 2024, due to personal reasons and to explore better career prospects. His resignation comes amidst Paytm Payments Bank Ltd (PPBL) facing prohibitory action from banking regulator RBI.

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.