Yak Paytm Payments Banking Firm To Launch Side Past Times Side Calendar Week - Renu Satti Is The Ceo

India's biggest digital wallet Paytm has received the lastly blessing from the Reserve Bank of Bharat (RBI) to gear upward it's Payments Bank. With this, the route is instantly clear for paytm to kickstart its much-awaited payments banking concern operations side yesteryear side week. Paytm's asset fellowship One97 Communications has today announced that it has appointed it's long fourth dimension executive in addition to vice president Renu Satti as the Chief Executive Officer (CEO) Paytm Payments Bank and it volition live launching its Payments Bank operations from 23rd May 2017.

Satti has been amongst Paytm's possessor One 97 Communications for over a decade. She has been elevated from the post service of vice president. She is going to supplant Shinjini Kumar, a old cardinal banker in addition to senior executive at consultancy PwC, who was named equally Paytm Payments Bank CEO lastly year. Satti has worked amongst Paytm for some x years.

One97 Communications founder in addition to CEO Vijay Shekhar Sharma was amid the eleven applicants to have RBI’s in-principle nod for a payments banking concern licence inward Nov 2015. In January, Paytm had said it received the lastly approvals from the RBI in addition to was planning to starting fourth dimension payments banking concern inward 1 or 2 months, but the launch was delayed. Paytm founder Vijay Shekhar Sharma volition concord the bulk portion inward Paytm Payments Bank, amongst the residuum beingness held yesteryear One97 Communications. The RBI allows payments banks to bring deposits from individuals in addition to small-scale businesses of upward to Rs 1 lakh per account.

Note : Bharti Airtel Ltd has late commenced operations for Airtel Payments Banks, a articulation corporation betwixt Bharti Airtel Ltd in addition to Kotak Mahindra Bank Ltd.

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