Jan 08, 2023, 05:44 pm
One 97 Communications today confirmed that RBI has approved the appointment of veteran banker Surinder Chawla as the new Managing Director (MD) and Chief Executive Officer (CEO) of India's home-grown Paytm Payments Bank. Paytm's payment bank has strengthened its leadership team to drive the next phase of growth. Chawla will take charge of Paytm Payment Bank for a tenure of 3 years.
As per the regulatory filing, One 97 said that the latest appointment comes as part of PPBL's ongoing efforts to strengthen its leadership team, enhance its technology capabilities and drive financial inclusion in the country.
It added that Chawla's experience will be a great addition to PPBL as it continues to serve customers with its innovative products and services.
On the appointment of Chawla, Vijay Shekhar Sharma, Chairman of Paytm Payments Bank Board, said, "I am pleased to welcome Surinder to Paytm Payments Bank to drive our unwavering commitment to deepening financial inclusion and offering an exceptional mobile-first banking experience in India."
Meanwhile, Sharma added that his experience in banking and deep understanding of the Indian financial landscape will bring the necessary expertise to further empower Paytm Payments Bank's mission.
Surinder Chawla, MD, and CEO, of Paytm Payments Bank, said, " look forward to taking the bank to even greater heights with the team of highly motivated professionals at PPBL. As we continue on our journey to provide accessible, convenient banking options to all of our customers with the highest standards of compliance and operational excellence, I am excited to contribute to our shared mission of driving large-scale financial inclusion."