Paytm Payments Bank appoints Surinder Chawla as the new MD & CEO

Daily Current Affairs / Paytm Payments Bank appoints Surinder Chawla as the new MD & CEO

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Category : Appointment/Resignation Published on: January 10 2023

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Paytm Payments Bank Limited (PPBL) on Sunday received approval from the Reserve Bank of India (RBI) for the appointment of veteran banker Surinder Chawla as its new Managing Director (MD) and Chief Executive Officer (CEO).
The term for the appointment is three years.
Chawla will succeed Paytm Payment Bank’s last CEO Satish Kumar Gupta who retired in October 2022, with Deependra Singh Rathore serving as the interim CEO.
Prior to Paytm, Chawla was associated with RBL Bank as Head - Branch Banking and focused on expanding the CASA base, fee revenue, and cross-selling across channels.