Paytm shifts payments bank CEO Renu Satti to new COO role

INSUBCONTINENT EXCLUSIVE:
Mumbai Bengaluru: Paytm has shifted its CEO of 15 months in its payments bank to a new role within the organisation leaving the fledgling
enterprise headless for the second time in just over a year. Renu Satti, an old hand and CEO of Paytm Payments Bank, will be the new chief
deliveries. This is the second time that the corner office at the newly-licensed payments bank has fallen vacant after its previous CEO
hand at Paytm
CEO of the bank. In an emailed reply to ET queries, Paytm said that looking at her expertise in building businesses, Satti has been assigned
delivery
Renu will lead the New Retail initiative and she has resigned from bank CEO position
change at the top shows that Paytm is still trying to create a strong management for its banking business. Satti was appointed the managing
Shashi Arora, CEO of Airtel Payments Bank, quit after the telco was criticised for opening accounts of customers without requisite
consents.