Credit : Flickr/World Economic Forum
Credit : Flickr/World Economic Forum
RBI found Paytm Bank was not following important rules on customer checks and data privacy
Credit : Flickr/World Economic Forum
RBI was worried Paytm Bank lacked proper independence from parent company Paytm.
Credit : Wikimedia.com
Sharma resigned & independent directors joined to address RBI worries about compliance.
Credit : Flickr/World Economic Forum
By resigning, Sharma aimed to separate the Paytm brand from the scrutinized bank.
The reshuffle allows a smooth transition to the new board & chairman.
Credit : instagram/vssx
Credit : instagram/vssx
Fixing issues is crucial for Paytm Bank to regain RBI's trust & avoid service disruption.
Sharma's resignation shows Paytm's commitment to satisfy RBI concerns.