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Paytm, Paytm payments bank to end Inter-company pacts amid PPBL crisis
The Business Guardian
|March 02, 2024
A mid-RBI's action on its associate firm, One 97 Communications on Friday said the board has approved the discontinuation of intercompany pacts with Paytm Payments Bank to reduce dependencies.
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The move assumes significance as Paytm Payments Bank Limited (PPBL) is under the RBI's lens over persistent non-compliance and continued material supervisory concerns.
In a statutory filing on Friday, One 97 Communications (which owns and operates Paytm) said the company and its associate entity, Paytm Payments Bank Limited (PPBL), have introduced additional measures to strengthen their approach towards independent operations of PPBL.
Esta historia es de la edición March 02, 2024 de The Business Guardian.
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