Founder Sharma Quits As Chairman Of Paytm Payments Bank; Board Reshuffled -- Too Little, Too Late?

Mere board reshuffling does little to address the deep-seated governance issues plaguing PPBL. Its bid to showcase independence by appointing former bureaucrats and bankers to its board is an attempt to salvage reputation amidst regulatory scrutiny

Feb, 27, 2024 · 4 min read

Paytm founder Vijay Shekhar Sharma on Monday resigned from the Board of embattled Paytm Payments Bank Ltd (PPBL), which was being reconstituted to bring in two retired IAS officers and two former bankers, One 97 Communications -- promoter of Paytm -- informed the stock exchanges on Monday.

Founder Sharma Quits As Chairman Of Paytm Payments Bank; Board Reshuffled -- Too Little, Too Late?

Mere board reshuffling does little to address the deep-seated governance issues plaguing PPBL. Its bid to showcase independence by appointing former bureaucrats and bankers to its board is an attempt to salvage reputation amidst regulatory scrutiny

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