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Paytm Implements Measures to Distinguish from Paytm Payments Bank Amid Regulatory Scrutiny

New Delhi: Paytm has announced strategic measures to enhance the autonomy of its offerings from those of Paytm Payments Bank, in response to regulatory actions against the bank. 

The move includes discontinuing inter-company agreements and simplifying the Shareholders Agreement to bolster the independent governance of Paytm Payments Bank. 

This decision comes amidst regulatory scrutiny from the RBI, which directed Paytm Payments Bank to halt certain transactions, and an inquiry by the Enforcement Directorate regarding potential Foreign Exchange Management Act violations.

Tags: BFSI