RBI’s action on Paytm Payments Bank Limited has no financial impact and strong momentum, says company
NEW DELHI: India’s leading payments app, Paytm (One 97 Communications Ltd) stated on Friday that the Reserve Bank of India’s actions against Paytm Payments Bank Ltd (PPBL) have no financial or business impact on the company.
In a regulatory filing, the fintech firm clarified that it maintains no material business arrangements or exposure to PPBL, emphasizing that the bank operates independently with no board or management involvement from Paytm.
