On Monday, Paytm Board Transition happened when Paytm announced the resignation of its founder, Vijay Shekhar Sharma, from the board of Paytm Payments Bank.
This step is part of a transitional phase, with the company disclosing that the process of appointing a new Chairman for Paytm Payments Bank (PPBL) will commence shortly.
The Paytm Board Transition has welcomed several independent directors, including Srinivasan Sridhar (former chairman of Central Bank of India), Debendranath Sarangi (retired IAS officer), Ashok Kumar Garg (former executive director of Bank of Baroda), and Rajni Sekhri Sibal (retired IAS).
Additionally, Shri Arvind Kumar Jain, former Executive Director of Punjab & Sind Bank, and Surinder Chawla, MD & CEO at Paytm Payments Bank, have also joined as Independent Directors.
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