Who is Surinder Chawla, the newly appointed CEO and Managing Director of Paytm Payments Bank?

Paytm payments bank on Sunday issued a statement in which they stated that they have got the RBI’s approval to appoint Surinder Chawla as their new CEO and Managing Director. Paytm's parent company One97 Communications on Sunday appointed Surendra Chawla as the CEO of Paytm Bank. Paytm payments bank statement said "Paytm Payments Bank Limited (PPBL) has appointed veteran banker Mr. Surinder Chawla as its new Managing Director (MD) and Chief Executive Officer (CEO). The appointment has been approved by the Reserve Bank of India for a period of three years." 

The Chairman of Paytm gives statement

On the appointment of Chawla, Vijay Shekhar Sharma, Chairman of Paytm Payments Bank Board, said, "I am pleased to welcome Surinder to Paytm Payments Bank to drive our unwavering commitment to deepening financial inclusion and offering an exceptional mobile-first banking experience in India." Sharma further said that his knowledge of the Indian financial system and experience in the banking industry will give Paytm Payments Bank's mission the additional competence it needs.

Its official now. Surinder Chawla is new MD and CEO of Paytm. pic.twitter.com/KpAJgUh2wG

— Anuradha Shukla (@anu1122) January 9, 2023

Who is Surinder Chawla?

Surinder Chawla is a Chartered Accountant who carries with him an experience of 28 years in retail banking. He has worked with banking institutions such as HDFC Bank, RBL Bank, ABN Amro Bank, and Standard Chartered Bank. Chawla was the Head of Branch Banking at RBL Bank, where he concentrated on growing the CASA base, fee income, and cross-selling across channels. Prior to joining RBL, Chawla worked with HDFC Bank for almost 12 years, rising to the post of Head of the Retail Liabilities Product Group.

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