Paytm (PAYT.NS) on Tuesday (April 9) stated that Surinder Chawla has resigned because the chief govt officer of its banking unit Paytm Funds Financial institution “on account of non-public causes”.
Chawla’s resignation comes amidst Paytm Funds Financial institution dealing with prohibitory motion from banking regulator RBI.
“Surinder Chawla, Managing Director and CEO of PPBL has tendered his resignation on April 8, 2024, on account of non-public causes and to discover higher profession prospects. He shall be relieved from PPBL w.e.f. shut of enterprise hours on June 26, 2024, except modified by mutual consent,” One97 Communications, Paytm model proprietor, stated in a regulatory submitting.
Chawla had joined PPBL in January final yr.
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 has said that Surinder Chawla has resigned as the chief executive officer of its banking unit Paytm Payments Bank.){kind=link}