Paytm senior VP Praveen Sharma quits to pursue 'other opportunities'

On January 31, the RBI imposed major business restrictions on PPBL, including a bar on accepting fresh deposits and doing credit transactions after February 29.

Praveen Sharma, senior vice-president of business at One 97 Communications, has tendered his resignation, the fintech major has announced in an exchange filing. He will be relieved of his services on March 31.

Sharma, in his resignation letter, stated that he intends to pursue "other opportunities" after his exit from the company.

He held executive positions at Google for nine years prior to joining Paytm, with a focus on India and the Asia-Pacific segment, according to an ANI report.

Prior to this, on February 26, Vijay Shekhar Sharma resigned from the Board of embattled Paytm Payments Bank Ltd (PPBL) to enable the reconstitution of the board.

On January 31, the RBI imposed major business restrictions on PPBL, including a bar on accepting fresh deposits and doing credit transactions after February 29. On February 16, the deadline was extended till March 15.