Why did Vijay Shekhar Sharma resigned as Chairman of Paytm Payments Bank?
Vijay Shekhar Sharma: What was the reason for stepping down? Who joined as the new board partners of PPBL? Why did Vijay Shekar Sharma resign.
Vijay Shekhar Sharma: What was the reason for stepping down? Who joined as the new board partners of PPBL? Who will be the new Chairman and partner with PPBL? You will get answer to all these questions along with more updates in the article, so let’s find out!
Vijay Shekhar Sharma resigns as chairman of Paytm payments bank.
One97 Communications, which is the parent company of fintech company Paytm announced on Monday, 26th February, the chairman Vijay Shekar has resigned from the Paytm Payments Bank.
The company during meeting was prior informed regarding the resignation of the chairman to enable this transition, PPBL has also informed they will soon commence the process of appointing a new chairman.
This decision was announced today when Paytm Payments Bank Limited (PPBL) constituted it’s new board members.
Why did Vijay Shekhar Sharma resigned from the post of Chairman?
The main possible reason behind Vijay Shekar’s resignation as a chairman of Paytm Payments Bank to formulate the new transmission and due to non-compliance of agreements under the wake of RBI, also for overhauling the board for its regulatory strictures.
Who are the new board members of PPBL?
Former Central Bank Of India’s Chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former Executive director of bank of Baroda Ashok Kumar Garg, and Retd IAS Rajini Sekhri Sibal have joined the board of PPBl as independent directors.
The talks with onboard directors are on and this time paytm wants to partner with large firms that have the technological bandwidth to handle large volumes seamlessly.
Who will be the next partner of PPBL and chairman?
The search for a new chairman for Paytm Payments Bank will commence soon.
As of now, Paytm is planning on to partner with Axis Bank, HDFC Bank, SBI Bank, and Yes Bank for processing transactions via unified payments interface (UPI), with the talk among on board partners.
The beginning of the plan is to bring Axis Bank onboard for partnership and then jumping on to other larger banks. Paytm still remains the third largest app for UPI payments after PhonePay and GooglePay being the second largest.
There will be more information regarding Paytm’s new updates, for which you will be updated as soon as possible.
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