Paytm Likely To Lose Over Rs 300 Crore After RBI Action On Payments Bank

Paytm said on Thursday it expects a worst case impact of 3 billion rupees ($36.13 million) to 5 billion rupees to its annual earnings.

Reuters
India News
Feb 01, 2024 04:09 IST

Read Time: 1 min

Paytm said on Thursday it expects a worst case impact of 3 billion rupees ($36.13 million) to 5 billion rupees to its annual earnings from Reserve Bank of India's order barring its unit, Paytm Payments Bank, from accepting fresh deposits from March.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Paytm Likely To Lose Over Rs 300 Crore After RBI Action On Payments Bank

Paytm said on Thursday it expects a worst case impact of 3 billion rupees ($36.13 million) to 5 billion rupees to its annual earnings.