RBI Approves Third Term For Vijay Shekhar Sharma As Chairman Of Paytm Payments Bank

Vijay Shekhar Sharma, the CEO of Paytm, has been granted approval by the Reserve Bank of India (RBI) to serve as the part-time chairman of Paytm Payments Bank for a one-year term. One97 Communications, the parent company of Paytm, confirmed this re-appointment in a regulatory filing, stating that it marks Vijay Shekhar Sharma’s third term as the part-time chairman of Paytm Payments Bank. As the majority stakeholder in the company, Vijay Shekhar Sharma’s re-appointment reinforces his leadership role within Paytm. Additionally, earlier this year, the RBI approved the appointment of Surinder Chawla as the new Managing Director and Chief Executive Officer of Paytm Payments Bank for a three-year tenure.