Vijay Shekhar Sharma resigns from the post of Chairman of Paytm Payments Bank.

Newsdesk:
Paytm Crisis: Vijay Shekhar Sharma has resigned from the post of Chairman of Paytm Payments Bank.  On Monday, the company said that Paytm Payments Bank has reconstituted its board and Vijay Shekhar Sharma has resigned from the post of part-time non-executive chairman.  Paytm founder and CEO Vijay Shekhar Sharma holds 51 percent stake in the bank.

 Former Central Bank of India Chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former Bank of Baroda executive director Ashok Kumar Garg and retired IAS Rajni Sekhri Sibal have been included in the board as independent directors.  OCL said in a statement, 'Vijay Shekhar Sharma has resigned from the board of Paytm Payments Bank for transition.  PPBL has told us that they will soon start the process of appointing a new chairman.