You are here: Home » Companies » News
Business Standard

Airtel Payments Bank head Shashi Arora quits

UIDAI had barred Bharti Airtel and Airtel Payments Bank from conducting Aadhaar-based verification of customers using the e-KYC process

Press Trust of India  |  New Delhi 

Shashi Arora
Shashi Arora

Airtel Payments Managing Director and Chief Executive Officer (pictured) has resigned in the wake of the firm’s e-KYC (know your customer) licence suspension by Aadhaar-issuing body

has decided to move on to pursue opportunities outside of Airtel. We wish the very best for his future endeavours,” the company said in a statement.

has been working with Airtel in senior leadership roles since 2006. He was appointed managing director and chief executive officer of Airtel Payments on June 1, 2016.

“He has been an asset for Airtel and over the years has contributed to the company’s growth story. Having led the operations in key telecom circles followed by building a strong business, he has laid the foundation for Airtel’s payments operations,” the statement said.

The Unique Identification Authority of (UIDAI) had barred and Airtel from conducting Aadhaar-based verification of customers using the

The action was taken following allegations that was using the Aadhaar-e-KYC-based SIM verification process to open accounts of its subscribers without their ‘informed consent’.

on Thursday had allowed to use for re-verification of its mobile customers till January 10 with stiff riders after it returned the ~138-crore LPG subsidy remitted to the unsolicited accounts.

It, however, maintained that e-KYC licence will remain suspended till final enquiry and audit report.

First Published: Sat, December 23 2017. 01:09 IST