Sharma is likely to be more hands-on and will closely monitor every single business division of Paytm until things go back to where they were during Q2 of the last financial year
The announcement comes barely a few days before the company is set to announce its Q4 results, which is expected to be bad because of the regulator s restrictions on its associate firm, Paytm Payments Bank Limited (PPBL)
Paytm Founder Vijay Shekhar Sharma is back in the trenches after RBI’s recent action left him without a banking platform. There are still some opportunities, but he will have to move swiftly to grab them
The discussions have not concluded yet. More than one bank will likely migrate the merchant accounts as the policymakers wish to avoid any concentration risk though commercials will take precedence over everything