Surinder Chawla becomes CEO of Paytm Payments Bank, gets important responsibility for three years.

Paytm’s parent company One97 Communications has appointed Surendra Chawla as the CEO of Paytm Payments Bank today i.e. on Sunday. The company has taken this decision after getting the approval of the Reserve Bank of India. For your information, let us tell you that Surendra Chawla has been given the responsibility of the post of CEO for three years.

Paytm Payments Bank Board Chairman Vijay Shekhar Sharma said on the appointment of Surendra Chawla that I am happy to welcome Surinder. He further added that his rich experience in banking and deep understanding of the Indian financial landscape will play a vital role in further strengthening Paytm Payments. His experience will greatly benefit the company.

Career of Surendra Chawla

Surendra Chawla has over 28 years of experience in Retail Banking. He has served in big banks like HDFC, RBL, ABN and Standard Chartered before Paytm.

Share buyback program launched in December

Paytm’s parent company introduced the share buyback program in December, which is worth 850 crores. It is believed that the company will fully prepare the buyback scheme in the next six months and will be released to customers in mid-2023.

This facility added on Paytm’s platform in the year 2022

Remind that in the year 2022, the payment app PayTm partnered with IRCTC, under which users can book general and platform tickets from the railway station. Apart from this, users also get the option of renewing their season tickets on Paytm and paying through UPI including Paytm Wallet, Paytm Postpaid, Net Banking, Credit and Debit Card. The company believes that this will greatly benefit the passengers and they will not have to stand in long queues.