Paytm has announced that R Gandhi, a retired Deputy Governor of the Reserve Bank of India, is joining the payments company as an advisor. Paytm said in a blog post that he will help the company with payment systems, regulations, compliance and corporate governance.
Gandhi was the Deputy Governor at Reserve Bank of India (RBI) from 2014 to 2017. Earlier, he was also a member of the first Monetary Policy Committee. He had a three-year secondment to the Securities and Exchange Board of India (SEBI) and has also been the head of two regional offices of the Reserve Bank and held a charge as the Director of the Institute for Development and Research in Banking Technology (IDRBT), Hyderabad.
Gandhi has about three decades of experience in banking with cross-functional exposure in technology, payment systems, capital markets, securities, forex, money market and International Banking among others. At RBI, he also piloted projects on IT, payment systems, financial literacy, financial inclusion and other developmental initiatives. According to this Livemint report, Gandhi was the “lone RBI official involved in the demonetization exercise starting from the decision making stage of printing new Rs500 and Rs2000 notes.”