Paytm gets warning from Sebi for old transactions with banking unit

Paytm received an administrative warning from India’s markets regulator for certain transactions with its banking unit in the fiscal year 2021-22, the fintech firm said in an exchange filing.

The Securities and Exchange board of India (Sebi), in the latter dated July 15, said some transactions between Paytm and the now wound-down Paytm Payments Bank were conducted without approval from the company’s audit committee or its shareholders.