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The frenetic pace set by CEO Amitabh Chaudhry in turning around the lender’s fortunes is taking a toll on employees, triggering an exodus.
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The announcement of the deputy managing director’s retirement in August may have more to it than meets the eye.
They were the app’s flagship feature until the RBI shut down new deposits into Paytm wallets a year and a half ago.
After the derivatives hedging fiasco triggered the resignations of top executives, indications are that the regulator expects the private lender’s board to do a thorough cleanup.