[ad_1] NEW DELHI: Paytm founder Vijay Shekhar Sharma has resigned as the non-executive chairman and board member of Paytm Payments Bank Ltd (PPBL), the company said on Monday, as it faces regulatory hurdles from the Reserve Bank of India (RBI).Sharma’s decision comes after the RBI asked PPBL to stop further deposits, credit transactions, or top-ups…
[ad_1] MUMBAI: Byju’s management and its investors are headed for a showdown with a group of investors in Think & Learn, the troubled edtech startup’s parent, voting to remove founder Byju Raveendran as CEO and restructure the board that includes his wife Divya Gokulnath and his brother Riju Ravindran.The announcement by investors led by Prosus,…
[ad_1] MUMBAI: Two independent directors are learnt to have resigned from the board of Paytm Payments Bank. Shinjini Kumar and Manju Agarwal have quit the firm’s board, sources said. An email sent to the bank did not elicit any response till the time of going to press. Kumar has previously held senior positions in organisations…
[ad_1] NEW DELHI: Reserve Bank of India, which has barred Paytm Payments Bank from accepting any fresh deposits starting next month, held discussions with the entity’s brass at multiple levels, including the board, before taking the extreme measure.Sometime in Nov-Dec 2021, a top RBI official addressed the bank’s board of directors and asked them to…
[ad_1] MUMBAI: Binny Bansal has stepped down from the board of Flipkart, officially ending his association with the internet firm he had co-founded with fellow IIT Delhi alumnus Sachin Bansal in 2007. Flipkart which made its foray into the then-nascent local e-tail market with the launch of an online bookstore went on to become an…