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News on Medial
RS Sharma steps down as ONDC non-executive chairperson
Economic Times
·
7m ago
Medial
Ram Sewak Sharma, the non-executive chairperson of the Open Network for Digital Commerce (ONDC), has stepped down from his position due to personal reasons. Sharma, who was appointed on September 12, will continue to be a part of ONDC's advisory council. The board of ONDC is now searching for a new non-executive chairperson as the network expands and gains interest from various states. Prior to his role at ONDC, Sharma held positions at the Unique Identification Authority of India (UIDAI), National Health Authority, and Telecom Regulatory Authority of India.
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Vijay Shekhar Sharma steps down from Paytm Payments Bank's Board
Inshorts
·
1y ago
Medial
Vijay Shekhar Sharma has stepped down from the Board of Paytm Payments Bank Ltd (PPBL) and will no longer be its part-time non-executive chairman as it reconstitutes its Board. For the newly constituted board, PPBL has opted for only independent and executive directors. The new board members are Srinivasan Sridhar, Debendranath Sarangi, Ashok Kumar Garg, and Rajni Sekhri Sibal.
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Vijay Shekhar Sharma steps down from Paytm Payments Bank board
Inshorts
·
1y ago
Medial
One97 Communications, the parent company of Paytm, on Monday announced that Vijay Shekhar Sharma has stepped down as the non-executive chairman and board member of Paytm Payments Bank (PPBL). It further said that PPBL has reconstituted its board with only independent and executive directors. Recently, the RBI imposed curbs on PPBL, which will come into effect after March 15.
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SunSource Energy set for leadership change as co-founder and CEO steps down
VCCircle
·
1y ago
Medial
Renewable energy company SunSource Energy is undergoing a leadership change as co-founder and CEO Kushagra Nandan steps down to pursue a new venture. Nandan, who co-founded the company in 2010, will continue to serve as a non-executive member. The company is expected to appoint a new managing director and CEO in the near future.
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Paytm Payments Bank board is independent, Paytm CEO Sharma says
Economic Times
·
1y ago
Medial
Paytm CEO Vijay Shekhar Sharma has stated that the board of Paytm Payments Bank is independent and capable of addressing regulatory concerns. He clarified that he and his company, One97 Communications, have no connection with the bank. The Reserve Bank of India (RBI) had recently ordered Paytm Payments Bank to stop accepting new deposits due to supervisory concerns and non-compliance with rules. Paytm Payments Bank is a subsidiary of One97 Communications, with Sharma holding a 51% stake. In response to the RBI's order, Sharma stepped down as non-executive chairman and board member of the bank.
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Vijay Shekhar Sharma steps down from Paytm Payments Bank board
TechCrunch
·
1y ago
Medial
Vijay Shekhar Sharma has stepped down from the board of Paytm Payments Bank, following recent regulatory scrutiny and penalties imposed on the troubled financial firm. The bank has reconstituted its board of directors and appointed four new independent directors. Sharma, who owns a majority stake in the bank, has resigned from the board and also stepped down from his part-time non-executive chair role. The Indian central bank is expected to implement severe business restrictions on Paytm Payments Bank from March 15.
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ONDC appoints Vibhor Jain as acting CEO after T Koshy completed tenure
YourStory
·
2m ago
Medial
Open Network for Digital Commerce (ONDC) has appointed Vibhor Jain as acting CEO, continuing its search for a permanent chief executive. Jain, part of the executive committee, succeeds Thampy Koshy, who stepped down after three years. Suresh Sethi, a board member, expressed confidence in Jain’s leadership during this transition. ONDC, a government-backed ecommerce network, connects various sectors and surpassed 200 million transactions in March, showing significant growth since its inception.
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Paytm Payments Bank announces board rejig
Livemint
·
1y ago
Medial
Paytm Payments Bank Limited has reconstituted its board of directors following regulatory action from the Reserve Bank of India. The new board members, including former Central Bank of India Chairman Srinivasan Sridhar and retired IAS officer Rajni Sekhri Sibal, have been appointed as independent directors. Paytm founder Vijay Shekhar Sharma will step down as the non-executive chairman and board member to facilitate the transition. The new board is expected to enhance governance and operational standards as the payments bank plans to continue its operations despite RBI's directive to wind down.
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PayU Payments Appoints Ex-HDFC MD Renu Sud Karnad As Chairperson Of Board
Inc42
·
1y ago
Medial
PayU Payments, a digital payments major backed by Prosus, has made five new appointments to strengthen its board. Renu Sud Karnad, former MD of HDFC, joins as an independent director and chairperson. Other appointments include Gopika Pant and Jairaj Purandare as independent directors, Laurent Le Moal, former global CEO of PayU Group, as a non-executive and non-independent director, and Jan Bune as a non-executive and non-independent director. The board members will provide strategic counsel to guide PayU Payment in its next phase of growth. PayU Payments offers payment gateway solutions to online businesses and is preparing for a $500 million IPO.
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Paytm Payments Bank CEO Surinder Chawla resigns
VCCircle
·
1y ago
Medial
Surinder Chawla has resigned from his position as the CEO and Managing Director of Paytm Payments Bank in India, citing personal reasons. His resignation is effective from June 26, and a successor has not yet been announced. This announcement follows Vijay Shekhar Sharma stepping down as non-executive chairman of Paytm Payments Bank. The Reserve Bank of India had previously ordered Paytm Payments Bank to wind down its operations due to compliance issues, but the company was granted a third-party app license to continue facilitating payments after its banking unit ceased operations.
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Vijay Shekhar Sharma resigns from Paytm Payments Bank amid board revamp
Livemint
·
1y ago
Medial
Vijay Shekhar Sharma, the founder of Paytm, has stepped down as the non-executive chairman of Paytm Payments Bank in response to regulatory restrictions. Paytm Payments Bank was barred by the Reserve Bank of India from accepting customer deposits due to non-compliance with regulations. Sharma's resignation aims to facilitate a smooth transition for the bank. Paytm has made additional changes to its board, appointing new independent directors and withdrawing its nominee. The company has also formed a group advisory committee to address regulatory concerns.
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