Paytm (PAYT.NS) on Tuesday (April 9) stated that Surinder Chawla has resigned as the chief government officer of its banking unit Paytm Payments Bank “on account of personal reasons”.
Chawla’s resignation comes amidst Paytm Payments Bank going through 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 personal reasons and to explore better career prospects. 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 model proprietor, stated in a regulatory submitting.
Chawla had joined PPBL in January final 12 months.
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