Paytm Payments Bank, majority owned by billionaire Vijay Shekhar Sharma, has received India's central bank's approval to name Surinder Chawla as its new chief executive, a statement said.
Paytm Payments Bank from taking on new customers and ordered a comprehensive audit of its IT systems, citing "material" supervisory concerns observed in the bank.In its statement, One 97 Communications Ltd
, the parent of fintech firm Paytm, said India's central bank has given its nod to appoint Surinder Chawla as Paytm Payments Bank's managing director and chief executive.Reporting by Mayank Bhardwaj, Editing by Louise Heavens
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