Airtel’s Payments Bank has appointed Shashi Arora as CEO and MD of the company, the company informed BSE in a notification (pdf). The appointment is subject to approval from the Reserve Bank of India (RBI). Arora will replace Manish Khera who headed Airtel’s payments bank for a short duration of 2 months. A Mint report said that Khera was leaving to pursue "entrepreneurial opportunities." Airtel had appointed Khera as the CEO of Airtel mcommerce services limited (AMSL), which operates the semi-closed wallet under the brand name ‘Airtel Money’ in August 2015. Then, Khera was a part of Airtel’s management board and report to MD & CEO of Airtel Gopal Vittal (India & South Asia). Before joining the payments bank business, Shashi Arora was the CEO of Airtel Digital DTH TV for almost 5 years, before which he was the CEO of upper North region at Airtel for over a year. Prior to that, he was the CEO of the Delhi circle with Airtel for over 2.5 years, and the COO of the same for almost 2 years. Before Airtel, Arora has worked as the group marketing head for Kotak Mahindra Bank for over 3 years, regional sales manager, senior brand manager and area sales manager at Hindustan Unilever Limited for over 11.5 years. Arora has also worked with Raymond. Payments bank license: Last month, AMSL received a payments bank license from the RBI. AMSL already has a prepaid payments instrument license from the RBI and Airtel applied for a payments bank license in…
