Surinder Chawla, the Managing Director and CEO of Paytm Payments Bank Limited (PPBL) has resigned from his position.
In a stock exchange filing, Paytm stated that it had been informed by its associate entity, PPBL, about Chawla’s resignation "on account of personal reasons".
The statement further elaborated, "The company would like to update you that it has been informed by its associate entity, Paytm Payments Bank Limited (“PPBL”) on April 08, 2024, at 5.23 P.M, that Mr. Surinder Chawla, Managing Director and CEO of PPBL has tendered his resignation on April 8, 2024, on account of personal reasons and to explore better career prospects."
Chawla's resignation will be effective from the close of business hours on June 26, 2024, unless otherwise changed by mutual consent, according to the statement.
