Published On Mar 14, 2024
Vijay Shekhar Sharma (VSS) is a man of grand announcements. Many critical moments in his life-starting one of the earliest payments banks in the country to receiving funding from legendary investor Warren Buffet-were all marked by loud proclamations of ambition and aplomb. But as he lives through one of the most decisive moments of his entrepreneurial career, wherein he seemingly cedes control of the payments bank that was the cornerstone of his fintech universe, the Paytm founder prefers the silent way out.
On February 26, One97 Communications (OCL), the listed entity behind the popular Paytm payments application, disclosed to the stock exchanges that its payments bank arm underwent a major rejig of its decision-making body. "OCL withdraws its nominee from the Paytm Payments Bank board and Vijay Shekhar Sharma steps down as part-time non-executive chairman and board member," it said.
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Credits:
Producer: / ankittpanwarr
Script: / haleemsherif
Script Editor: / krprachi