Paytm bank gets RBI nod for Surinder Chawla as new CEO

Paytm Payments Bank: The RBI has approved the appointment of Surinder Chawla as the Managing Director and CEO of Paytm Payments Bank.The RBI, however, continues to bar Paytm Payments Bank from on-boarding new customers. Before joining PPBL, Chawla was working with RBL Bank, where he served as Head – Branch Banking and focused on expanding the CASA base, fee revenue, and cross-selling across channels. The latest appointment, according to the company’s regulatory filing, is part of PPBL’s continued efforts to develop its leadership team, improve its technological capabilities, and promote financial inclusion in the nation.

January 2023 Current Affairs Quiz

Career of Surinder Chawla:

• Chawla brings with him a career in retail banking spanning over 28 years across institutions such as HDFC Bank, RBL Bank, ABN Amro Bank and Standard Chartered Bank. He joins to PPBL from RBL Bank, where he oversaw branch banking and was responsible for increasing the number of Current Account Savings Accounts (CASA), fee income, and cross-selling opportunities.
• Prior to joining RBL Bank in 2013, Chawla spent about 12 years in key senior management positions at HDFC Bank, culminating in his role as head of the retail liabilities product group. As senior executive vice president at HDFC Bank, Chawla also worked as the head for the Southern, Eastern and Northern regions at different points in his career.