Vijay Shekhar Sharma steps down as Chairman of Paytm Payments Bank

OCL withdraws its nominee from the Paytm Payments Bank Board and Vijay Shekhar Sharma steps down as Part-Time non-executive Chairman and Board member

Vijay Shekhar Sharma has resigned from his position as Non-Executive Chairman and Board Member of Paytm Payments Bank Ltd (PPBL), the financial services company Paytm announced on Monday.

The company said in a BSE filing that the PPBL has reconstituted the Board with retired IAS officers Debendranath Sarangi and Rajni Sekhri Sibal, former executive director of Bank of Baroda Ashok Kumar Garg, and former chairman of the Central Bank of India Srinivasan Sridhar.

“OCL withdraws its nominee from the Paytm Payments Bank Board and Vijay Shekhar Sharma steps down as Part-Time non-executive Chairman and Board member,” it said in the filing.

Following the RBI’s March 15 suspension on bank operations, a reconstituted Board One 97 Communications Ltd (OCL) will oversee PPBL’s future operations.

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