New Delhi, January 28, 2025: Paytm CEO Nakul Jain has stepped down amid ongoing regulatory challenges with the Reserve Bank of India (RBI). The fintech giant has been under scrutiny following concerns over compliance with certain regulatory guidelines issued by the central bank. Jain’s resignation comes at a crucial time when Paytm is striving to address these issues and restore investor confidence.
In a statement, Paytm acknowledged Jain’s contributions to the company and announced that the search for his successor is already underway. Industry analysts suggest that the leadership change might be part of a broader restructuring effort to navigate the ongoing regulatory hurdles and strengthen the company’s operations in India’s competitive fintech space.
