CURRENT AFFAIRS

Detailed explanation-1: -Our associate Paytm Payments Bank has received the Reserve Bank of India’s approval to appoint veteran banker Mr. Surinder Chawla as its new Managing Director (MD) and Chief Executive Officer (CEO). The appointment has been approved by the Reserve Bank of India for a period of three years.

Detailed explanation-2: -Directors of Paytm Payments Bank Limited are Bhavesh Gupta, Vaibhav Goel, Sairee Chahal, Manju Agarwal, Vijay Shekhar Sharma, Madhur Deora, . Paytm Payments Bank Limited’s Corporate Identification Number is (CIN) U65999DL2016PLC304713 and its registration number is 304713.

Detailed explanation-3: -Paytm founder and CEO Vijay Shekhar Sharma, who is also the Chairman of Paytm Payments Bank Board, welcomed Chawla to Paytm Payments Bank to drive their unwavering commitment to deepening financial inclusion and offering an exceptional mobile-first banking experience in India.

Detailed explanation-4: -Chawla will replace Paytm Payments Bank CEO Satish Kumar Gupta, who retires in October 2022, with Deepender Singh Rathore serving as the interim CEO.

Detailed explanation-5: -Manju Agarwal, is an Independent Director of the Paytm Payments Bank.