Paytm CEO, officials meet RBI to discuss regulatory concerns: ReportThe Reserve Bank of India last week ordered Paytm affiliate Paytm Payments Bank to wind down most of its business.
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Paytm founder and CEO Vijay Shekhar Sharma.
Credit: Reuters Photo
Mumbai: Paytm's chief executive officer and officials met the RBI on Monday and discussed a roadmap to address regulatory concerns, two sources familiar with the matter told Reuters on Tuesday.
The Reserve Bank of India last week ordered Paytm affiliate Paytm Payments Bank to wind down most of its business, including deposits, credit products and its popular digital wallets, by Feb 29, due to supervisory concerns and non-compliance of rules.