Ajit Karn
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Paytm’s parent company One97 Communications on Sunday appointed Surendra Chawla as the CEO of Paytm Bank. The company has taken this decision after getting approval from the Reserve Bank of India. However, RBI has retained the restriction imposed on PPBL on adding new customers. For information, let us tell you that Surendra Chawla has been given the responsibility of the post of CEO for 3 years.
Paytm Payment Bank Board Chairman Vijay Shekhar Sharma said on the appointment of Surendra Chawla, ‘I am happy to welcome Surendra. His rich experience in banking and deep understanding of the Indian financial landscape will play a vital role in further strengthening Paytm Payments. The company will benefit greatly from his experience.
Career of Surendra Chawla
Surendra Chawla has over 28 years of experience in Retail Banking. He has served in big banks like HDFC, RBL, ABN and Standard Chartered before Paytm.
Share buyback program launched in December
Paytm’s parent company introduced the share buyback program in December, which is worth 850 crores. It is believed that the company will fully prepare the buyback scheme in the next six months and it will be released to the customers in the middle of 2023.
These services added on Paytm’s platform in the year 2022
Let us tell you, in the year 2022, the payment app PayTm partnered with IRCTC, under which users can book general and platform tickets from the railway station. Apart from this, users also get the option of renewing the season ticket on Paytm and paying through UPI including Paytm Wallet, Paytm Postpaid, Net Banking, Credit and Debit Card. The company believes that this will greatly benefit the passengers and they will not have to stand in long queues.
