Paytm Bank fiasco: All eyes on IT talent for bank and fintech boards – Business Standard

The situation at Paytm Payments Bank has heightened the urgency to onboard topflight information technology (IT) personnel in the financial services space. The Reserve Bank of India s (RBI s) master direction issued on November 7 last year said that regulated entities banks, nonbanking financial companies, including financial technology companies must establish a board level IT strategy committee (ITSC) with a minimum of three directors as members.