Paytm Payments Bank receives RBI approval to appoint veteran banker Surinder Chawla as its Managing Director and CEO Key Points
- Paytm Payments Bank has appointed Mr. Surinder Chawla as its new Managing Director and CEO
- The appointment has been approved by the Reserve Bank of India for a period of three years
- Mr. Chawla has a long career in retail banking, with experience at HDFC Bank, RBL Bank, ABN Amro Bank, and Standard Chartered Bank
- Mr. Chawla recently served as Head of Branch Banking at RBL Bank and held several senior management positions at HDFC Bank
- This appointment is part of PPBL’s efforts to strengthen its leadership, improve its technology, and promote financial inclusion in India
- Mr. Chawla’s expertise will be valuable to PPBL as it continues to provide customers with innovative products and services
- The appointment will take effect once all necessary regulatory procedures have been completed
- Vijay Shekhar Sharma, Chairman of the Paytm Payments Bank Board, welcomed Mr. Chawla and highlighted his extensive experience and understanding of the Indian financial market
- Mr. Chawla, the newly appointed MD and CEO, stated that he is excited to contribute to the shared mission of promoting widespread financial inclusion at PPBL.
Paytm Payments Bank Limited, an Indian company, has appointed Mr. Surinder Chawla as its new Managing Director and CEO. The appointment has been given the green light by the Reserve Bank of India and will last for a period of three years. Mr. Chawla has an impressive career in retail banking, having worked at renowned institutions like HDFC Bank, RBL Bank, ABN Amro Bank, and Standard Chartered Bank for a total of 28 years.
Mr. Chawla is a merit-listed Chartered Accountant and brings a wealth of experience to his new role at PPBL. He most recently served as Head of Branch Banking at RBL Bank, where he focused on increasing the customer deposit base, fee revenue, and cross-selling across channels. Before joining RBL Bank in 2013, Mr. Chawla held several senior management positions at HDFC Bank, including the head of the Retail Liabilities Product Group and the head for the Southern, Eastern, and Northern regions. Overall, he has spent over 12 years in key positions at HDFC Bank.
This appointment is part of PPBL’s efforts to strengthen its leadership team, improve its technology, and promote financial inclusion in India. Mr. Chawla’s extensive experience in the banking industry will be a valuable asset to PPBL as it continues to provide customers with innovative products and services. The appointment will take effect once all necessary regulatory procedures have been completed.
Vijay Shekhar Sharma, Chairman of the Paytm Payments Bank Board, stated, “I am happy to welcome Surinder to Paytm Payments Bank. His extensive experience in banking and understanding of the Indian financial market will be invaluable as we work to deepen financial inclusion and provide a superior mobile-first banking experience in India. His expertise will be crucial in furthering Paytm Payments Bank’s mission.”
Mr. Surinder Chawla, the newly appointed MD and CEO of Paytm Payments Bank, commented, “I am honored to join Paytm Payments Bank as its new MD and CEO at this exciting time in the digital banking revolution. I am eager to work with the talented team at PPBL to take the bank to new heights. Our goal is to provide accessible, convenient banking options to all of our customers while upholding the highest standards of compliance and operational excellence. I am excited to contribute to our shared mission of promoting widespread financial inclusion.”
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