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Paytm’s head of compliance Srinivas Yanamandra resigns

Srinivas Yanamandra, Paytm’s head of compliance, has resigned, as indicated in a company filing.

He joined the fintech firm in April 2022 and will continue in his position until February 28, 2025, to ensure a smooth transition.

Yanamandra has previously worked in compliance roles at the New Development Bank in Shanghai, IDFC FIRST Bank, and ICICI Bank, where he spent over a decade.

He is also a qualified chartered accountant, achieving national ranks in both CA and cost accountancy examinations.

In an email to Paytm CEO Vijay Shekhar Sharma, Yanamandra expressed that his decision is motivated by a desire to focus on academic research initiatives.

Recent Paytm developments

Timeline
17-Dec-2024 📈 Paytm parent shares hit another 52-week high
  • Paytm shares surge over 5.5%, hitting ₹1,063.
  • Year-to-date return reaches 58.5%, outpacing index.
10-Dec-2024 🚀 Paytm parent stock soars after PayPay stake sale to SoftBank
  • Paytm shares reach record 1,007 rupees
  • Company sells stock rights to SoftBank for 2,364 crore
07-Dec-2024 💸 Paytm parent company nears $250m PayPay stake sale to SoftBank
  • Paytm nears $250M stake sale to SoftBank
  • Cash reserves projected to rise to $1.4B
30-Nov-2024 📈 Paytm parent company’s shares hit 52-week high
  • Paytm shares reach 52-week high at 951.9 rupees.
  • Stock falls 1.51% after hitting high, now at 913.5.
22-May-2024 📉 Paytm’s issues dent Q4 earnings, but hits first EBITDA profitable year in FY 2024

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