is gearing up for a potential revival of its banking arm, Paytm Payments Bank. The unit faced a significant setback last year when the Reserve Bank of India (RBI) effectively suspended its ...

Paytm writes off Rs 227 crore investment in Payments Bank Paytm on May 22 reported net loss of Rs 550 crore in Q4FY24, a 3.2X jump, as its margins took a hit post RBI’s crippling ban on its ...

Paytm’s founder ... Even though the bank is all but shut down, Sharma hasn’t given up. Last year he hired a new CEO for the bank and launched a fresh banking app. “As far as the bank is ...

The Reserve Bank of India had wound down Paytm's banking unit in January 2024, citing persistent compliance issues, sparking worries about its digital payments business. "Paytm's fundamentals are ...