Paytm confirms resignation of director at banking arm

Paytm confirms resignation of director at banking arm
Paytm confirmed reports of Paytm Payments Bank Limited independent director Manju Agarwal’s resignation from the board of the payments unit.

BENGALURU, Feb 12 (Reuters) – Indian financial technology company Paytm, opens new tab on Monday confirmed media reports of an independent director at its banking arm having resigned.

Manju Agarwal resigned from the board of Paytm Payments Bank on Feb. 1 due to personal commitments, the company said in an exchange filing.

The payments firm on Friday said it would form an advisory committee on compliance and regulatory matters, a week after India’s central bank ordered Paytm Payments Bank to wind down most of its operations.

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T.K.B. Sen

Journalist, media worker, reporter and analyst

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