Who is Surinder Chawla? Biography of Paytm Payments Bank New CEO

Surinder Chawla is the MD and CEO of Paytm Payment Bank. Founder Vijay Shekhar Sharma steps down from the company from his current role. He was the chairman and Board member of Paytm Payment Bank on a part-time basis. Surinder resigns from the post after the board’s decision. One97 Communications having a 49% stake in the company removed Vijay Shekhar from the company, who had a 51% stake in the company and was a nominee as well. We will share details about Paytm Payments Bank’s new CEO below.

Surinder Chawla

Surinder Chawla Biography, Net Worth, Career of Paytm Payments Bank New CEO

Paytm Payment Bank is going through a lot of difficulties at the time. Many controversies are revolving around the company making it difficult for the users to stay with their services and investors to invest further. Amid this hard time, the board makes some changes in the structure of the company. They decided to opt for only independent and executive directors. Thus, new independent directors have come on the board for the company’s growth further.

At the January 2024 end, Paytm gets notice from RBI to stop their services after 29 February 2024 due to not following some regulations in the bank. This hits the company by reducing its EBITDA and profits. The sales, shares, and everything fell all of a sudden. People are really afraid to use their service to avoid having any loss of money. However, Vijay assured everyone that their money would remain safe with them.

The company is now onboarding some new independent directors for its further growth. MD and CEO of Paytm Payments Bank welcome these new Independent directors in the company:

  1. Srinivasan Sridhar, Ex-Central Bank Of India Chairman
  2. Debendranath Sarangi, Retired IAS Officer
  3. Ashok Kumar Garg, Former Executive Director Of Bank Of Baroda, and
  4. Rajni Sekhri Sibal, IAS Officer

MD and CEO of Paytm Payments Bank Surinder Chawla currently resides in Mumbai, Maharashtra. He completed his Chartered Accountancy after his 12th class. After completing his CA, Surinder Chawla gets a job at Citibank as an Industrial Trainee for a year. After this, he shifted to Standard Chartered Bank as Zonal Head Assets for six years. Working with companies like ABN AMRO Bank, HDFC Bank, and RBL Bank, he gained vast experience. Surinder Joined Paytm in February 2023 as MD and the CEO as well. We hope you get enough details about Paytm’s new CEO above. Stay tuned for more information on our website Business Patrika.

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