Renu Satti Quits As Paytm Payments Bank CEO

Paytm Payments Bank CEO Renu Satti has resigned from the role and will now head Paytm’s new retail initiative. Paytm will look for a replacement for Satti, who had taken over the CEO role last year. 
In the past, Satti has built businesses ground up that include market place, movie ticketing and most recently Paytm Payments Bank. 
What is Paytm’s “New Retail Model”?
Under its ‘New Retail’ model, consumers will soon be able to discover nearby pharmacies, groceries and other shops to place an order and get instant deliveries.