Bhavesh Gupta 3rd in senior role at Paytm to resign, more may put in papers

With the resignation of Bhavesh Gupta, president and chief operating officer (COO) of Paytm, the group’s woes are back in focus after its associate entity, Paytm Payments Bank (Paytm PB), faced action from the Reserve Bank of India (RBI).

This marks the third senior resignation from the company in the past few months.

Gupta’s resignation comes just as the firm is set to announce its annual and fourth-quarter results. Gupta resigned from his position at the company citing personal reasons.