Who is Surinder Chawla? The Banker Who Bought Duplexes Worth Rs 20 Cr in Mumbai – News18

One of the highest bankers in the nation, Surinder Chawla, who is presently serving because the Managing Director of Paytm Payments Bank, has just lately made a significant funding by buying one of the crucial costly flats in Mumbai and its value will certainly shock you. According to a Moneycontrol report, the Paytm Payments Bank MD has bought two luxurious duplex flats, collectively spanning 3,488 sq. toes of carpet space. The house is situated in one of the crucial luxurious towers ‘Sky Forest’ in Central Mumbai’s Lower Parel. As per the small print obtainable, the duplex mansion prices round Rs 20 crore.

Surinder Chawla’s luxurious duplex

Said to have been located on one of many larger flooring, the flats embody an unique space of 972 sq. toes, together with the beneficiant carpet house. To support the luxurious life-style, the duplexes additionally include 4 parking areas. The adjoining flats are stated to be situated on the forty second and the forty third flooring with gorgeous sea views.

As per the data, the transaction was registered on August 22, 2023, with each incurring a stamp responsibility of Rs 60 lakh.

In the meantime, the actual skyscraper is recognized for witnessing some actually excessive-worth offers in the half. This comes at a time when India’s industrial capital, Mumbai has been experiencing a powerful momentum in the actual property market. It has additionally recorded its greatest efficiency in the final month with a notable enhance in property registration and stamp responsibility income collections.

Who is Surinder Chawla?

Appointed because the Managing Director and Chief Executive Officer of the Paytm Payments Bank in January this yr, Surinder Chawla is recognized for having an expertise of over 28 years in the sector of Retail Banking. Besides his present establishment, he has additionally labored at some famend locations together with HDFC Bank, RBL Bank, ABN Amro Bank, and Standard Chartered Bank.

Prior to his appointment on the Paytm Payments Bank as its MD, Chawla was working as a head of the Branch Banking at RBL Bank and was targeted on increasing the Current Account Savings Account (CASA), base, price income, and cross-promoting amongst different issues.

He is additionally stated to have spent round 12 years in senior administration roles at HDFC Bank the place he served in the place of Senior Executive Vice President and different management positions for various areas together with the Southern, Eastern, and Northern areas.

Also a advantage-listed Chartered Accountant, the veteran banker has wealthy expertise in the banking trade together with experiences in working and main groups in the sector of Relationship Management, Direct Sales Product Management, Retail Assets gross sales, and Branch Banking.