With effect from May 4, Bhavesh Gupta, president and chief operating officer (COO) of One97 Communications Limited, the company that owns the Paytm brand, has quit the organisation citing personal reasons. The corporation stated in an exchange filing that Gupta will be released from the services on May 31 at the closing of business hours. However, after May 31, the latter would stay on as an advisor in the CEO's office. Paytm Crisis: Negotiations With Fintech Firm Underway at Acquiring Paytm Payments Bank Businesses As RBI Deadline Looms.

Bhavesh Gupta Quits

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