• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Vijay Shekhar Sharma Quits As Paytm Payments Bank Chairman, Board Member

OMMCOM NEWS by OMMCOM NEWS
February 26, 2024
in Business

New Delhi:  Leading financial services company Paytm said on Monday that its founder and CEO Vijay Shekhar Sharma has stepped down as Non-Executive Chairman and Board Member of Paytm Payments Bank Ltd (PPBL), as the Reserve Bank of India (RBI) ban on the bank’s operations inches closer.

In a BSE filing, the company said that the PPBL has reconstituted the Board with the appointment of Central Bank of India’s former Chairman Srinivasan Sridhar, retired IAS officers Debendranath Sarangi and Rajni Sekhri Sibal, and Bank of Baroda’s former Executive Director Ashok Kumar Garg.

PPBL’s future business will be led by a reconstituted Board by One 97 Communications Ltd (OCL), after the RBI ban on the bank operations from March 15. They recently joined as Independent Directors.

“OCL withdraws its nominee from the Paytm Payments Bank Board and Vijay Shekhar Sharma steps down as part-time, non-executive Chairman and Board member,” it said in the filing.

The company said that it supports PPBL’s move of opting for a board with only Independent and Executive Directors by removing its nominee.

“The company has been separately informed that Vijay Shekhar Sharma has also resigned from the Board of Paytm Payments Bank to enable this transition. PPBL has informed us that they will commence the process of appointing a new Chairman,” said the company in its filing.

This significant development came as the central bank extended, by 15 days to March 15, the deadline after which Paytm Payments Bank Ltd is barred from accepting deposits.

The last date fixed earlier was February 29.

The company has reassured its users that its mobile app, including the QR code, Soundbox and Card Machine will remain operational even after March 15.

“We welcome the appointment of Sridhar, Sarangi, Garg, and Sibal to our Board, marking a significant step forward in PPBL’s journey,” said Surinder Chawla, MD and CEO at Paytm Payments Bank.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

India Seeks Greater Say For Developing Countries At WTO Meet

Next Post

FIBA Asia Cup Qualifiers: Spirited India Go Down Against World No. 27 Iran

Related Posts

Business

Banks To Clear Cheques On Same Day From Oct 4 Over RBI Guidelines

October 3, 2025
Indian Stock Market
Business

Sensex, Nifty Open Lower Over Sustained FII Selling

October 3, 2025
Business

India’s Trade Stance With US ‘Good, Disciplined’: Ex-US Official

October 3, 2025
Business

RBI’s Move To Bolster Rupee Trade Aims To Reduce Dominance Of US Dollar

October 2, 2025
Business

Govt Has Resolved 3,981 GST-Related Consumer Complaints: Pralhad Joshi

October 2, 2025
Business

MSP Hikes For Rabi Crops Show PM Modi Always Works In Our Interest: Farmers

October 2, 2025
Next Post

FIBA Asia Cup Qualifiers: Spirited India Go Down Against World No. 27 Iran

No Democracy Can Survive & Thrive Unless There's Equality Before Law: V-P Dhankhar

CM Naveen Inaugurates 67 ‘Ama Hospitals’ In 15 Dists

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.