Meanwhile, following the development in the firm, global brokerage firm UBS said in a note, "Paytm will likely experience near-term financial impact on its business along with some permanent loss of business in FY25E."
Analysis: Paytm Problem – Are Independent Directors The Answer? freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Paytm’s efforts to mollify the regulator is being seen as an attempt to buy time beyond the March 15 deadline. Migration of merchants is taking more time than expected, with several banks worried about redoing KYC of crores of subscribers
India Business News: Vijay Shekhar Sharma, the founder of Paytm Payments Bank, has resigned as the non-executive chairman of the bank's board, following the Reserve Bank o