Paytm in Hot Water After Meeting With Finance Minister

Paytm founder Vijay Shekhar Sharma met with Finance Minister Nirmala Sitharaman to discuss the recent regulatory action taken against the company by the RBI.

The RBI has flagged several issues with Paytm, and Sharma is seeking an extension of the deadline to address them. The Enforcement Directorate is also reportedly considering investigating Paytm. This could be a major blow to Paytm, which is already facing challenges from other fintech companies.

Source: https://www.businesstoday.in/latest/corporate/story/paytm-crisis-finance-ministry-tells-vijay-shekhar-sharma-to-sort-it-out-with-rbi-416464-2024-02-07