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Paytm founder Vijay Shekhar Sharma wanted to remove ‘Paytm from its name to quell mounting regulatory and compliance pressures on the fintech firm. However, did not carry out his plan and remains on the board of Paytm Payments Bank.
Learn about Vijay Shekhar Sharma's plan to remove 'Paytm' from Paytm Payments Bank to address regulatory and compliance pressures. Find out why the proposal was not formally presented and why Sharma remained on the board.
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.
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.
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