Why Vijay Shekhar Sharma Resigned As Paytm Payments Bank Chairman

Tuesday, 27 February 2024Newsdesk

The decision follows a series of measures imposed by the Reserve Bank of India (RBI), including an order for Paytm Payments Bank to wind down operations by March 15.

New Delhi 27 February 2024

As per news report of NDTV,Paytm CEO Vijay Shekhar Sharma on Monday resigned as non-executive chairman and board member of Paytm Payments Bank, amid ongoing regulatory challenges faced by the digital payments giant. The decision follows a series of measures imposed by the Reserve Bank of India (RBI), including an order for Paytm Payments Bank to wind down operations by March 15 due to persistent compliance issues and supervisory concerns.

Source - NDTV