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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