Paytm Payments gets RBI nod to re-appoint Vijay Shekhar as part-time chair

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Paytm Payments Bank has received approval from the Reserve Bank of India (RBI) to reappoint Paytm CEO Vijay Shekhar Sharma as part-time chairman for a year, a regulatory filing said on Tuesday.

“We have been informed that Paytm Payments Bank Ltd (PPBL) has obtained RBI approval to re-appoint Mr. Vijay Shekhar Sharma as Part-time Chairman of PPBL, for a third term commencing from May 23, 2023, one year,” One97 Communications said in a regulatory filing.

One97 holds a 49 percent stake in PPBL and Sharma holds the rest of the stake in the entity.

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First published: May 23, 2023 | 11:31 p.m ist