The managing director and CEO of Paytm Payments Bank Limited (PPBL) Surinder Chawla has resigned.

"The company would like to update that it has been informed by its associate entity, Paytm Payments Bank Limited (“PPBL”) on April 08,2024 at 5.23 P.M, that Mr. Surinder Chawla, Managing Director and CEO of PPBL has tendered his resignation on April 8, 2024, on account of personal reasons and to explore better career prospects," said Paytm.

"He will be relieved from PPBL w.e.f. close of business hours on June 26,2024, unless changed by mutual consent," the statement read.

Source: India Today