Paytm Payments Bank appoints Satish Kumar Gupta as MD and CEO
Satish Kumar Gupta has been appointed as MD and CEO of Paytm Payments Bank after three months of the resignation of Renu Satti as Paytm Payments Bank CEO.
Gupta, a former Chief Project officer at NPCI and Deputy General Manager at SBI is going to be the third CEO of PPB. Previously, Renu Satti moved from PPB CEO post to head ‘New Retail’ business of Paytm. Prior to appointment as PBB CEO, Gupta was the director at One97 Communications (the parent entity of Paytm) since April this year.
Shinjini Kumar was first hired MD and CEO of the Paytm Payments Bank. However, he left the firm following a brief stint.
Gupta was responsible for the enhancement of the Payment Infrastructure by deployment of POS Terminals and issuance of Transit card with a view to promoting digital payments in the country.
Paytm Payments Bank is a separate entity in which Vijay Shekhar Sharma holds 51 per cent stake while the rest held by One97 Communications. Hailed as a game changer solution for financial inclusion, Payments Banks has failed to impress so far.
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