Paytm Payments Bank gets RBI nod for Surinder Chawla as new MD and CEO

Chawla is a veteran banker with over 28 years of experience across institutions such as HDFC Bank, RBL Bank, ABN Amro Bank, and Standard Chartered Bank

Paytm
Photo: Bloomberg
BS Reporter
1 min read Last Updated : Jan 08 2023 | 9:09 PM IST
Paytm Payments Bank on Sunday said it has appointed Surinder Chawla as its new managing director (MD) and chief executive officer (CEO) for a period of three years. The appointment has received the Reserve Bank of India’s (RBI) nod, Paytm informed in a stock exchange notification. 

Paytm Payments Bank is an associate company of Paytm. 

“The latest appointment comes as part of the banks’ ongoing efforts to strengthen its leadership team, enhance its technological capabilities, and drive financial inclusion in the country”, the company said in a statement.

Chawla is a veteran banker with over 28 years of experience across institutions such as HDFC Bank, RBL Bank, ABN Amro Bank, and Standard Chartered Bank. Prior to joining Paytm Payments Bank, Chawla was heading branch banking at RBL Bank. Before that, he spent twelve years with HDFC Bank in key senior management positions.

With his wealth of experience in the banking industry, Mr. Chawla’s expertise will be a great addition to the bank as it continues to serve customers with innovative products and services, the bank said. 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Reserve Bank of IndiaPaytm Payments Bank

Next Story