Monday, December 23

Tag: Renu Satti

Paytm Payments Bank In Early Talks To Partner With Full-Service Banks
BUSINESS

Paytm Payments Bank In Early Talks To Partner With Full-Service Banks

India’s Paytm Payments Bank is in talks to partner with full-service banks to offer services such as loans and term deposits which it cannot do on its own due to regulatory restrictions, its chief executive told Reuters. Payments banks are niche banks that were allowed by the Reserve Bank of India in a bid to expand access to financial services in Asia’s third-largest economy where millions don’t have a bank account. RELATED Paytm Starts Payments Bank, Will Offer 4% Interest Rate     The payments banks can take savings deposits and remittances but are not permitted to lend. “Anything which we cannot offer, we will be partnering with the banks. Whether it’s going to be a loan, or a credit card, or a term deposit, and other services,” said Renu Satti, CEO o...
Paytm Appoints Renu Satti as a CEO of Paytm Bank, Shinjini Kumar Quits
News

Paytm Appoints Renu Satti as a CEO of Paytm Bank, Shinjini Kumar Quits

After months of delay, Paytm is now set to commence its payments bank operations from May 23, having received the final approval from the Reserve Bank of India. The digital payments and commerce firm has named Renu Satti as its new CEO, following the departure of Shinjini Kumar. "Paytm Payments Bank Ltd (PPBL) has received the final licence from the RBI and would commence its operations on May 23, 2017," it said in a public notice. A Paytm spokesperson said: "We recently received approval from RBI for Renu Satti to be the CEO." Satti had joined Paytm in 2006 as manager human resources and over the years, has been involved with various departments at the company. Most recently, she was heading the movie ticketing business as vice president. Before Paytm, she has worked with M...