Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman, bank's board reconstituted
New Delhi, Feb 26: Vijay Shekhar Sharma has stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited (PPBL), and the board of the bank has been reconstituted.
The Reserve Bank has barred the PPBL from accepting deposits and credits from any customer post-March 15 for persistent non-compliances and continued material supervisory concerns in the bank.
PPBL has reconstituted its Board of Directors with the appointment of Ex-Central Bank of India Chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former Executive Director of Bank of Baroda Ashok Kumar Garg, and former IAS officer Rajni Sekhri Sibal, Paytm said in a regulatory filing on Monday.
These persons had recently joined as Independent Directors, it said.
One 97 Communications Ltd (OCL) is the owner of the Paytm brand.
"The company has been separately informed that Vijay Shekhar Sharma has also resigned from the Board of Paytm Payments Bank to enable this transition. PPBL has informed us that they will commence the process of appointing a new Chairman," the filing said.
OCL supports PPBL's move of opting for a board with only independent and executive directors by removing its nominee, it added.
"PPBL's future business to be led by a reconstituted Board," the filing stated.
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Sai Baba temple at Shirdi not to allow garlands, bouquets, shawls inside
Mumbai, May 10 (PTI): Amid heightened security concerns in the country, the Sai Baba temple trust at Shirdi in Maharashtra has decided not to allow garland, bouquets and shawls to brought inside the temple complex.
The famous temple which draws millions of devotees every year had received a threatening email last week.
Goraksh Gadilkar, a member of the Sai Baba Sansthan Trust, said devotees will be searched before entering the temple.
"The Sansthan received a threat email on May 2. In view of India-Pakistan tensions and the security alert across the country, flowers, garlands, prasad and shawls will not be allowed inside," he told PTI.
The Ahilyanagar district police have also made some suggestions to enhance the security of the temple.
On Friday, the Siddhivinayak temple in Mumbai said it will not allow garlands, prasad and coconuts inside from May 11.
