Paytm’s arm’s length approach with Paytm Payments Bank secures core business growth, profitability

NEW DELHI: (Apr 29) When the central bank initiated action on Paytm Payments Bank Ltd.(PPBL) in early 2024, Paytm (One 97 Communications Ltd.) moved to clearly separate its core operations from the entity, ensuring its payments and financial services businesses operate independently.

This decision has since drawn praise from at least six top domestic and international brokerages tracking the payments major.

Following the Reserve Bank of India’s notification cancelling PPBL’s licence, One 97 Communications (OCL), the parent that operates the Paytm brand, said in a stock exchange filing that it has no exposure to PPBL and no material business arrangements with the banking entity, all of which ended in 2024.

Source: PTI News

Digitalmitra