MUMBAI: Paytm Payments Bank has named Surinder Chawla as its MD & CEO after the RBI approved the appointment for three years.
Chawlahas 28 years’ experience in retail banking across lenders like HDFC Bank, RBL Bank, ABN Amro Bank and StanChart. His latest position was at RBL Bank, where he served as head of branch banking. Prior to that, he spent 12 years in senior management positions at HDFC Bank, including as head of retail liabilities and products group.
The outgoing MD & CEO of Paytm Payments Bank Satish Kumar Gupta was earlier chief project officer with NPCI and a veteran banker from SBI.
Paytm Payments Bank said that the appointment was part of its efforts to strengthen its leadership team and enhance its technology capabilities in order to drive financial inclusion in the country. Chawla’s appointment will become effective upon completion of the necessary regulatory formalities.
Last year, the RBI had halted Paytm Payments Bank from onboarding new customers and asked the bank to appoint an IT audit firm.
Chawlahas 28 years’ experience in retail banking across lenders like HDFC Bank, RBL Bank, ABN Amro Bank and StanChart. His latest position was at RBL Bank, where he served as head of branch banking. Prior to that, he spent 12 years in senior management positions at HDFC Bank, including as head of retail liabilities and products group.
The outgoing MD & CEO of Paytm Payments Bank Satish Kumar Gupta was earlier chief project officer with NPCI and a veteran banker from SBI.
Paytm Payments Bank said that the appointment was part of its efforts to strengthen its leadership team and enhance its technology capabilities in order to drive financial inclusion in the country. Chawla’s appointment will become effective upon completion of the necessary regulatory formalities.
Last year, the RBI had halted Paytm Payments Bank from onboarding new customers and asked the bank to appoint an IT audit firm.
