RBI’s action on Paytm Payments Bank Limited has no financial impact and strong momentum, says company

India's starring payments app, Paytm (One 97 Communications Ltd), said the Reserve Bank of India's enactment connected Paytm Payments Bank Ltd (PPBL) has nary fiscal oregon concern interaction connected the company, reiterating that it does not person immoderate worldly concern arrangements oregon vulnerability with the banking entity.

In a regulatory filing, the Noida-based fintech large said PPBL operates independently, with nary committee oregon absorption engagement from Paytm.

As antecedently disclosed connected March 1, 2024, the institution does not person immoderate vulnerability to PPBL oregon immoderate worldly concern arrangements with PPBL.