Vijay Shekhar Sharma resigns as chairman of Paytm Payments Bank, new board formed

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Paytm Payment Bank: Paytm Payment Bank has seen major changes since the Reserve Bank of India action. Meanwhile, Vijay Shekhar Sharma has resigned from the post of Chairman of Paytm Payment Bank. Along with this, Vijay Shekhar Sharma has also resigned from the board of Paytm Payments Bank.

Major changes in Paytm Payment Bank

Paytm Payments Bank has undergone major changes since the Reserve Bank's action. In a press release on Monday, Paytm said that company founder Vijay Shekhar Sharma has decided to step down from the post of part-time non-executive chairman of Paytm Payments Bank and has also stepped down as a board member of PPBL.

New Board constituted

After the resignation of Vijay Shekhar Sharma, a new board of Paytm Payment Bank has also been formed. In which some new faces have been included. Now former chairman of Central Bank of India Srinivasan Srighar will be a member of the board. Apart from this, retired IAS Devendranath Sarangi, former executive director of Bank of Baroda Ashok Kumar Garg and retired IAS Rajni Sekhari Sibal will be members of the board.

After the RBI action, the existence of Paytm Payments Bank is threatened. Vijay Shekhar Sharma is the largest shareholder of this bank.

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