Paytm to launch payments bank on May 23 but with a different CEO

Paytm to launch payments bank on May 23 but with a different CEO

Latest News – After more than a year’s delay, online mobile wallet major Paytm is all to finally launch its payments bank on May 23.

However, in a crucial change, former Reserve Bank of India (RBI) executive and PwC consultant Shinjini Kumar who was chosen for the role of the payments bank chief executive officer (CEO), has stepped down and is in exit mode, while Renu Satti vice-president, business will take over.

“We are in process of launching Paytm Payments Bank on 23rd May. We recently received approval from RBI for Renu Satti to be the CEO,” said a Paytm spokesperson (Read More)

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