Vijay Shekhar Sharma steps down as the chairman of Paytm Payments Bank
Paytm founder Vijay Shekhar Sharma has resigned from the board of Paytm Payments Bank, as announced by parent company One97 Communications. The bank will initiate the process of appointing a new chairman. Former Central Bank of India chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former Bank of Baroda executive director Ashok Kumar Garg, and retired IAS Rajni Sekhri Sibal have joined the board as independent directors. The additions aim to enhance governance structures and operational standards, emphasizing compliance and best practices. Surinder Chawla, MD & CEO at Paytm Payments Bank, welcomed the new appointments, highlighting their expertise in guiding the bank's journey. Sridhar, with over 40 years of banking experience, expressed dedication to ensuring compliance and delivering exceptional value to stakeholders
