3 weeks ago
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Fintech large One97 Communications, which operates the Paytm brand, has ruled retired plans to use for a Non-Banking Financial Company (NBFC) licence.
During the company’s Q4 net telephone connected Thursday (May 7, 2026), Paytm President and Group CFO Madhur Deora said, "We're not ace excited astir going for an NBFC licence.” He noted Paytm’s penchant for a "win-win" concern exemplary wherever Paytm handles distribution, technology, and collections, portion its blue-chip lending partners negociate capital, risk, and cyclicality.
“We person a precise ample payments market; that marketplace is growing, and our marketplace stock is growing, and that combined with debased penetration means that the accidental successful the abbreviated to mean word already is very, precise large,” helium said.
Last month, the Reserve Bank of India (RBI) cancelled the banking licence issued to Paytm Payments Bank (PPBL) for non-compliance with norms, saying the affairs of the slope were conducted successful a mode detrimental to the involvement of its depositors.
The slope failed to comply with the conditions stipulated successful the payments slope licence issued to it, the cardinal slope said.
One97 Communications, successful a institution filing, had said the institution has nary vulnerability to PPBL arsenic it had already impaired its concern successful the beleaguered entity arsenic of March 31, 2024.
Paytm connected Wednesday (May 6, 2026) reported a consolidated nett of ₹183 crore successful the 4th fourth ended March 2026, a turnaround from a nonaccomplishment of ₹545 crore successful the aforesaid play a twelvemonth ago.
The consolidated gross from operations grew by 18.4% to ₹2,264 crore during the reporting 4th from ₹1,912 crore successful the March 2025 quarter.
During the fiscal twelvemonth ended March 2026, Paytm posted a consolidated nett of ₹552 crore compared to a nonaccomplishment of ₹663 crore successful FY25.
The yearly gross from operations of Paytm grew by 22.2% to ₹8,437 crore successful FY26 from ₹6,900 crore successful FY25.
