Paytm’s President and COO, Bhavesh Gupta, resigns, marking the third senior departure amidst regulatory issues, notably with Paytm Payments Bank. Gupta cites personal reasons for resignation. Previous exits include Paytm PB’s MD/CEO and the company’s CMO. Gupta will transition to an advisory role, effective May 31. Leadership reshuffle ensues, with Varun Sridhar appointed CEO of Paytm Services and Rakesh Singh as CEO of Paytm Money. Regulatory scrutiny prompts board changes at Paytm PB, welcoming new independent directors. Leadership adjustments follow RBI’s restrictions on the bank earlier this year.