Paytm appoints Sairee Chahal to board of directors

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Paytm Payments Bank Ltd (PPB) on Saturday said it has appointed entrepreneur Sairee Chahal to its board of directors.

Chahal is the founder and CEO of SHEROES -- a community platform for women.

“We are delighted to have Ms Sairee Chahal on our board. She has  comprehensive experience of customer service ecosystem. We will benefit  from her knowledge and expertise,” PPB Managing Director and CEO  Satish Gupta said in a statement.

PPB, which was incorporated in August 2016, formally began its  operations in 2017.Paytm Founder Vijay Shekhar Sharma holds 51 per cent stake in PPB,  while the rest is held by One97 Communications.

Gupta had recently stated that PPB has 4.4 crore savings bank accounts  with deposits of over Rs 400 crore as well as 26 crore wallet accounts.

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