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RBI approves Paytm Payments Bank to appoint Surinder Chawla as new CEO

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Paytm Payments Bank has reportedly secured the approval of the Reserve Bank of India (RBI) to appoint Surinder Chawla as its new CEO. Currently, Chawla is serving as the head of branch banking at RBL Bank. According to a report by Mint, Chawla’s appointment as Paytm Payment Bank’s CEO has been on the cards for a while and he has been going through a role transition at RBL Bank for a long time as well.