Paytm gets SEBI warning over related party transactions with payments bank

Paytm’s parent company One 97 Communications has got an administrative warning letter from market regulator SEBI. The Securities and Exchange Board of India (SEBI) stated that certain transactions in FY22 between Paytm and the now defunct Paytm Payments Bank were conducted without approval from the company’s audit committee or its shareholders.

In response to the SEBI administrative warning, Paytm, said that it has consistently adhered to all listing regulations and will address SEBI’s concerns with a detailed response.