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One97 Communications | Paytm Q4 FY24 loss widens to Rs 550 crore

One97 Communications | Paytm Q4 FY24 loss widens to Rs 550 crore
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Paytm founder s letter to shareholders calls FY2024 landmark year , hints at AI-driven job cuts

TECH NEWS : Paytm hints at job cuts to focus on AI technology and core business after reporting first sales decline. It aims to trim non-core assets and promote t

Paytm net loss widens to Rs 550 crore in Q4

Fintech firm One97 Communications, which owns the Paytm brand, on Wednesday said its loss in the fourth quarter of the financial year 2023-24 has widened to Rs 550 crore following the ban imposed by the RBI on transactions related to its payments bank. The company had posted a loss of Rs 167.5 crore in the same period a year ago, the company said in a regulatory filing. Our fourth quarter FY24 results were impacted by temporary disruption on account of UPI transition etc. and permanent disruption because of the PPBL embargo.

How safe is safe enough? Heed RBI on cyber security and risk reduction

How safe is safe enough? Heed RBI on cyber security and risk reduction
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ED fails to find breaches in Paytm Payments Bank s overseas transactions so far

An investigation into possible foreign exchange violations at Patym Payments bank by India's financial crime fighting agency has not yet found any breaches, a government ..

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