RBI’s action on Paytm Payments Bank Limited has no financial impact and strong momentum, says company

RBI’s action on Paytm Payments Bank Limited has no financial impact and strong momentum, says company

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Paytm Payments Bank Ltd operates independently, with no board or administration involvement from Paytm. File
| Photo Credit: Reuters

India’s main funds app, Paytm (One 97 Communications Ltd), mentioned the Reserve Bank of India’s action on Paytm Payments Bank Ltd (PPBL) has no financial or enterprise impact on the company, reiterating that it doesn’t have any materials enterprise preparations or publicity with the banking entity.

In a regulatory submitting, the Noida-based fintech main mentioned PPBL operates independently, with no board or administration involvement from Paytm.

As beforehand disclosed on March 1, 2024, the company doesn’t have any publicity to PPBL or any materials enterprise preparations with PPBL.

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