Days after the Reserve Bank of India (RBI) imposed certain restrictions on Paytm Payments Bank, Paytm CEO Vijay Shekhar Sharma reportedly met Union Finance Minister Nirmala Sitharaman.
Paytm CEO Vijay Shekhar Sharma met with Union Finance Minister Nirmala Sitharaman on Tuesday to discuss the crisis the company is facing after the Reserve Bank of India’s (RBI) restrictions, according to reports.
RBI had directed that Paytm Payments bank cease new deposits and credit transactions from February 29 onwards due to supervisory concerns and non-compliance of rules.
The meeting between Sharma and Sitharaman underscores the gravity of the situation and the need for dialogue to address the challenges faced by Paytm in the aftermath of RBI’s directives.
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 imposed certain restrictions on Paytm Payments Bank, Paytm CEO Vijay Shekhar Sharma){kind=link}