Paytm Payments Bank appoints three new board members
Paytm Payments Bank appoints three new board members

Payment Digital payment company, Paytm held a board meeting on Tuesday to formally approve the launch of the Paytm Payments Bank. The company has formed a five member board for its payments bank.. 

PV Bhaskar, former executive director of the Reserve Bank of India and GS Sundarajan, former director at Shriram Group, have joined the board as independent directors.

Apart from Paytm CEO Vijay Shekhar Sharma and Renu Satti, CEO of Paytm Payments Bank, the board also includes Paytm cofounder Ash Lilani.

Paytm founder and CEO, Vijay Shekhar Sharma will act as a non-executive chairman and Paytm Payments Bank CEO, Renu Satti will be director on the board. Bhaskar. Lilani and Sundarajan have joined the board as independent directors.

Bhaskar, who has over three decades of work experience at the banking regulator, was heading the central security cell, Department of Banking Supervision and Department of Non-Banking Supervision till recently.

Sundararajan has joined Shriram Group as MD of Shriram Capital, the holding company of its financial services businesses. He was also responsible for leading the banking initiative for the group.

Lilani was earlier head of India and China markets for US-based Silicon Valley Bank, and his firm was till recently an investor in Paytm-owner One97 Communications.

 
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