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Paytm Discontinues Inter-Company Agreements With Payments Bank, Shares Gain | WATCH | Top News
Posted
March 1, 2024
Views
1,090
Likes
4
Engagement
0.37%
March 1, 2024
1,090
4
0.37%
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2:10Now PlayingTop News | The parent firm of Paytm, One97 Communications, said that it has chosen to end a number of inter-company agreements with its Paytm Payment Bank subsidiary. This is in advance of the Reserve Bank of India's (RBI) March 15 deadline for Paytm Payments Bank to conclude important activities, such as deposits, Wallet, and more. It's important to remember that Paytm previously said that it will collaborate with other banks and take action to guarantee that its merchants and consumers would receive uninterrupted services. Paytm shares increased by as much as 4% in the wake of the event, having dropped precipitously during the previous two trading days.
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