Paytm Payments Bank appoints Deependra Singh Rathore as the interim chief executive officer

Paytm Payments Bank appoints Deependra Singh Rathore as the interim chief executive officer

Daily Current Affairs   /   Paytm Payments Bank appoints Deependra Singh Rathore as the interim chief executive officer

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Category : Appointment/Resignation Published on: October 19 2022

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  • The Paytm Payments Bank has appointed Deependra Singh Rathore as the interim chief executive officer (CEO), in addition to his role as chief product & technology officer.
  • Satish Gupta, who was the bank's CEO, is set to retire in October.
  • Prime Minister Narendra Modi on Sunday launched 75 digital banking units across states and this means the more banking units the country has, the more transactions will take place.
  • Paytm Payments Bank (PPBL) is an Indian payments bank, founded in 2015 and headquartered in Noida. In the same year, it received the license to run a payments bank from the Reserve Bank of India and was launched in November 2017. In 2021, the bank received a scheduled bank status from the RBI.
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