Paytm Payments Bank, an associate entity of One97 Communications (OCL), which operates the Paytm brand, has appointed Arun Kumar Bansal as managing director (MD) and chief executive officer (CEO). Bansal is a former IDBI Bank executive.
The Reserve Bank of India (RBI) had approved Bansal’s appointment as the MD and CEO of the payments bank, he communicated on June 20 to IDBI Bank.
“With pleasure, I wish to inform you that RBI has approved my appointment as MD and CEO of Paytm Payment Bank. Therefore, I hereby tender my resignation from the service of the (IDBI) Bank,” he said in his resignation letter.– Business Standard.
