Two independent directors quit Paytm Payments Bank board amid restructuring: Report yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Paytm founder Vijay Shekhar Sharma and PPBL managing director and chief, Surinder Chawla, are also members of the Noida-based payments bank board. PPBL faced regulatory issues after being barred by the RBI from accepting deposits or providing banking services after February 29.
Moneycontrol had earlier reported that Manju Agarwal, an independent director at PPBL, resigned from its Board effective from February 1, 2024, after the Reserve Bank of India (RBI) slapped restrictions on the bank
Shinjini Kumar, a former Bank of America and PricewaterhouseCoopers (PwC) executive, resigned from the payments banks board in December, we have learnt. Manju Agarwal, former deputy managing director at State Bank of India, has also quit.