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Satish Kumar Gupta to head Paytm Payments Bank

Paytm Payments Banks has appointed Satish Kumar Gupta as managing director and CEO, reported the Economic Times. As a director of One97 Communications, Gupta is responsible for enhancement of payment infrastructure, deployment of PoS terminals, and overall public policy. He replaces Renu Satti as CEO after Satti moved to head Paytm’s retail business in July.

Gupta has been a director at Paytm’s parent company One97 Communications for 7 months now, according to his LinkedIn profile. Gupta was a deputy general manager at SBI for over 3 decades. He was deputed to National Payments Corporation of India (NPCI) in 2011 as chief project officer, and later served as chief project advisor. He left the NPCI in October last year.

According to ET, Paytm moved Rama Subramanian Gandhi from the board of One97 Communications to the board of Paytm Payments Bank as an advisor last month. Last  year, before the launch of the payments bank, Satti had stepped in as CEO after Shinjini Kumar stepped down as CEO-designate.

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