Paytm Payments Bank has appointed veteran banker Satish Kumar Gupta as its new Managing Director and CEO. The post was lying vacant after Renu Satti stepped down in July 2018. Satti now heads the company’s new retail business.
The veteran banker had earlier served as the Deputy General Manager at State Bank of India where he worked for over three decades. Following that, he became the Chief Project Officer at National Payments Corporation of India that manages the Unified Payments Interface (UPI).
Source- Business Today
Static/Current Takeaways Important For IBPS PO Mains Exam 2018:
- Paytm Founder: Vijay Shekhar Sharma.
- Paytm Payments Bank started in May 2017.