Paytm Payments Bank has a new CEO. The bank has appointed Renu Satti, replacing Shinjini Kumar, who is leaving the organization. The payments bank has received the final license from the RBI and is set to launch operations on 23 May. Satti has been with Paytm for nearly a decade, staring her career as a manager of human resources at One97 Communications. She has worked on several projects, including Paytm marketplace and the wallet business. Paytm had said in January that it received the final approval from the RBI and was planning to start payments bank in one or two months, but the launch was delayed.
