Nakul Jain, Managing Director (MD) and Chief Executive Officer (CEO) of Paytm Payments Services (PPSL), has decided to move on and will step down from his position effective the close of business on March 31, 2025, or an earlier date as mutually agreed.
In a regulatory filing, the company stated that Jain has decided to pursue an entrepreneurial journey, which has led him to this decision. PPSL is actively working on identifying a suitable replacement and will announce the new appointment in due course.
Before joining PPSL, Jain served as MD- Private Banking, Priority Banking, Deposits and Branch Banking, India at Standard Chartered Bank, from May 2017 to March 2022. Prior to that, he worked with IndusInd Bank as Executive Vice President and Head Exclusive (Affluent Segment) and NR Business, from December 2015 to April 2017.
Previously, he was associated with ICICI Bank for nearly 16 years, between April 2000 and November 2015, transitioning through various roles, including Deputy General Manager, Head Wealth Management, North and other Roles; Joint General Manager, Zonal Head Retail and Business Banking, Rest of Maharashtra and Goa; Joint General Manager and National Product Head- Savings Account and TB Free.
