Shinjini Kumar, a former central banker and senior executive at consultancy PwC, has been hired as the CEO of the payments bank being launched by Paytm's founder Vijay Shekhar Sharma, according to people aware of the development.
Kumar, a partner and leader of the banking and capital markets practice at PwC, will take charge next month and build a 2,500-strong team. Her appointment has to be approved by the Reserve Bank of India. Kumar, who holds a graduate degree in public policy, had a 16-year stint at RBI, where she handled foreign direct investments, trade payments and oversaw operations of foreign banks. Her LinkedIn profile says she was also a senior vice president at Bank of America Merrill Lynch between December 2007 and August 2010 overseeing compliance for India.
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