Know All About Paytm Payments Bank's New Board of Directors As Vijay Shekhar Sharma Steps Down

Vijay Shekhar Sharma has stepped down from Board of Paytm Payments Bank Limited (PPBL) following which it has reconstituted new Board of Directors

 

PPBL has appointed Ex-Central Bank of India Chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former Executive Director of Bank of Baroda Ashok Kumar Garg, and Retd. IAS Rajni Sekhri Sibal.

 

Paytm has informed the stock exchange that these senior heads have recently joined as Independent Directors while parent company One 97 Communications said that it supports its associate bank's move of opting for a board with only independent and executive directors by removing its nominee

 

Srinivasan Sridhar has been involved in banking with his career spanning over 40 years. He is currently serving as the Independent Director at Jubilant Pharmova. He has held leadership positions at Export Import Bank of India, Central Bank of India and National Housing Bank.

 

Debendranath Sarangi is a retired IAS (1977 batch) of Tamil Nadu cadre. He is currently serving as an Independent director on the boards of several companies that includes Southern Petrochemical Industries Corporation Limited and Voltas Ltd, among others.

 

Rajni Sekhri Sibal is a retired IAS officer of Haryana cadre (1986 batch). She has served as Secretary, Government of India. Currently, she serves as an Independent External Monitor in the Public Sector and as an Independent Director in Corporates.

 

Ashok Kumar Garg has over 39 years of diverse banking experience. In the past he has held significant positions including whole time Director at Bank of Baroda, Chief Executive for the US operations of the bank at New York, Managing Director of Bank of Baroda (Uganda) Ltd at Kampala and Chairman/Director of its subsidiaries in Guyana, Trinidad and Tobago and Kenya.

 

Beyond these, the board has former Executive Director of Punjab and Sind Bank Arvind Kumar Jain as Independent Director and Surinder Chawla, MD and CEO at Paytm Payments Bank.