Paytm Payments Bank appoints Satish Kumar Gupta as MD, CEO; all about veteran banker

By: |
Updated: October 25, 2018 4:20:20 PM

A few months after Renu Satti stepped down, Paytm Payments Bank appointed Satish Kumar Gupta as its new managing director and CEO.

Paytm Payments Bank, IndusInd, Renu Satti,  Paytm Payments Bank MD, miscellaneous charges, customer balance, fixed deposit in paytm payements bankA few months back, Renu Satti, the then CEO of Paytm Payments Bank, a unit of One97 Communications Ltd, stepped down from her position to head the news retail segment at the company as COO. (Reuters)

A few months after Renu Satti stepped down, Paytm Payments Bank appointed Satish Kumar Gupta as its new managing director and CEO. Satish Gupta who comes with 35 years of experience in the banking and payments space earlier served in the leadership roles at SBI and NPCI, the company said in a statement.

“…Gupta comes with over 35 years of experience in the field of Banking & I am extremely delighted to welcome him as Managing Director and Chief Executive Officer of Paytm Payments Bank. His expertise will help us realise the vision that we have set out for our Payments Bank”, PTI reported citing Paytm’s Founder and CEO Vijay Shekhar Sharma.

Also read: Share market LIVE updates: Sensex closes 344 pts lower, Nifty ends below 10,150 on expiry day; Airtel down 7%

A few months back, Renu Satti, the then CEO of Paytm Payments Bank, a unit of One97 Communications Ltd, stepped down from her position to head the news retail segment at the company as COO.

Satish Kumar Gupta’s appointment is the third CEO appointment at the Bank in two years after Shinjini Kumar left in May 2017.

Meanwhile, Paytm has launched PayPay, a QR based smartphone payment service in collaboration with SoftBank Corp and Yahoo Japan. Paytm had raised $1.4 billion from SoftBank last year in exchange for a 20 percent stake.

PayPay is a feature-rich smartphone-based settlement service that allows users to store money from a bank account in their PayPay wallet and make payments with it. “Incepted in October 2018, PayPay aims to promote the broader use of cashless payment in Japan and to provide highly convenient services to both consumers and affiliated stores,” Paytm said in a blog.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Finance ministry set to put PSB recapitalisation plan on fast track
2SBI moves SC, seeks amendment in pacts between power companies, discoms
3Chanda Kochhar controversy gets murkier: All you need to know about Videocon-ICICI Bank quid pro quo case