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Paytm bank gets RBI nod for Surinder Chawla as new CEO

Paytm bank gets RBI nod for Surinder Chawla as new CEO_50.1

Paytm Payments Bank

Paytm Payments Bank has received banking regulator RBI’s nod to appoint Surinder Chawla as its Managing Director and CEO. The RBI, however, continues to bar Paytm Payments Bank from on-boarding new customers. Before joining PPBL, Chawla was working with RBL Bank, where he served as Head – Branch Banking and focused on expanding the CASA base, fee revenue, and cross-selling across channels. The company in its regulatory filing said that the latest appointment comes as part of PPBL’s ongoing efforts to strengthen its leadership team, enhance its technology capabilities and drive financial inclusion in the country.

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Career of Surinder Chawla:

  • Chawla brings with him a career in retail banking spanning over 28 years across institutions such as HDFC Bank, RBL Bank, ABN Amro Bank and Standard Chartered Bank. He joins PPBL from RBL Bank, where he served as head of branch banking and focused on expanding the Current Account Savings Account (CASA) base, fee revenue, and cross-selling across channels.
  • Prior to joining RBL Bank in 2013, Chawla spent about 12 years in key senior management positions at HDFC Bank, culminating in his role as head of the retail liabilities product group. As senior executive vice president at HDFC Bank, Chawla also worked as the head for the Southern, Eastern and Northern regions at different points in his career.

Important takeaways for all competitive exams:

  • Paytm Founded: August 2010, Noida;
  • Paytm CEO: Vijay Shekhar Sharma (Dec 2010–);
  • Paytm Parent organization: One97 Communications;
  • Paytm Founder: Vijay Shekhar Sharma.

Paytm bank gets RBI nod for Surinder Chawla as new CEO_70.1

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