Former Citibank executives to lead banking operations at Paytm’s payments bank
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Aggarwal worked as the director of treasury and trade solutions and Singapore head for regional product sales at Citibank, while Karnik was director of treasury and trade solutions, regional implementation.
With these appointments, the payments arm of the Alibaba-backed company has got its leadership team across FMCG, consultancy, banking and e-commerce businesses before its banking services roll-out in August.
Also read: Indian logistic companies look forward to partnering with Alibaba for its India entry
It was earlier this year that Shinjini Kumar from RBI and PwC was hired for Paytm’s payments bank, which was followed by Vikas Purohit from Amazon, Kshitij Sanghi from McKinsey, Varun Khullar from ITC and Vipin Surelia from the RBI, who were all taken in as VPs of various verticals.
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Also read: Go cashless: Paytm ties up with 500 parking lots to let you park cars without cash
"It is no secret Paytm is expanding and diversifying at an exponential rate. Joining the organisation gives me an unparalleled opportunity to work with some of the most well-known industry thought leaders who are trying to build something new and unique," Karnik was quoted saying.
Amit Sinha, vice president at Paytm said, "We are committed to keep enhancing our services and product portfolio. We are confident that with (Aggarwal and Karnik) on board, we will be able to drive greater growth and success."
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