Shinjini Kumar to head Paytm's payments bank

With widespread mobile penetration in the country, much of the banks are choosing to go digital. Branch sizes are decreasing, and net banking is becoming more and more acceptable across geographies.

 Shinjini Kumar, who has an experience of working with the RBI for 15 years before she went on to head Bank Of America as country compliance head, is going to be the Bank's CEO

Shinjini Kumar to head Paytm's payments bank

Picture credit: PBS

PayTM, what was until now a mobile wallet, will be seen diversifying, spreading its wings to mainstream banking as well. The Reserve Bank of India opened up to private commercial banks in early 2014 and PayTM was one of the first few to recieve license for the same last year.

The great news is that it's a woman leading this new face of banking. Shinjini Kumar, who has an experience of working with the RBI for 15 years before she went on to head Bank Of America as country compliance head, is going to be the Bank's CEO (LiveMint). Her last stint was at PWC, where she was a partner. (LinkedIn)

It is great to know that India stands ahead of so many other developed countries when it comes to accepting women in leadership roles. Though there are some sectors where women's leadership is still a rarity. There hasn't been an RBI Governess, and apart from Indira Gandhi, no Finance Minister either. Know more about the Indian Gender Gap situation in our review of the WEF Report findings, click here.