Paytm Bank, auditor lock horns over biz viability

Mumbai: Paytm Payments Bank Ltd (PPBL) is at loggerheads with auditor JC Bhalla & Co., which has told the company it will have to qualify certification of accounts for FY24 with remarks that reflect concerns over viability, given that business has come to a virtual standstill due to regulatory curbs, according to three people with knowledge of the matter. The auditor’s qualifications relate to whether the company is a ‘going concern’ or not.