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Paytm anticipates ₹300-500 crore hit as RBI bars customers from topping up walle...
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Paytm anticipates ₹300-500 crore hit as RBI bars customers from topping up wallets
- Paytm predicts a ₹300-500 crore impact on its annual operational profit due to the RBI barring Paytm Payments Bank Ltd from accepting deposits or top-ups.
- The action follows a comprehensive system audit report and subsequent compliance validation report of external auditors.
- One97 Communications Ltd, which owns Paytm, will now work only with other banks and not with Paytm Payments Bank Ltd, accelerating plans to move to other bank partners.
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