Renu Satti quits as Paytm Payments Bank CEO

New Delhi: Paytm Payments Bank CEO Renu Satti has resigned from the role and will now head Paytm's new retail initiative. Paytm will look for a replacement for Satti, who had taken over the CEO role last year.

"Renu Satti will be leading the charge as COO of this new (retail) initiative...She has already resigned from Paytm Payments Bank CEO position and the Bank will soon be recruiting a new CEO," Paytm said in a statement.

In the past, Satti has built businesses ground up that include marketplace, movie ticketing and most recently Paytm Payments Bank.

"She has been a champion of new business launches and her acumen makes her a perfect candidate for leading this important launch," the company said.