Friday, April 12, 2024
Outlook India
Outlook Business

Paytm Loss

The company's market capitalisation (mcap) also eroded by Rs 9,646.31 crore to Rs 38,663.69 crore in early trade

Paytm said PPBL is taking immediate steps to comply with RBI directions, including working with the regulator to address their concerns as quickly as possible

An audit by Indian Highways Management Company Ltd found that the Paytm Payment Bank was not following the parameters prescribed in the service-level agreement (SLA)

The company clarified that the job cuts primarily targeted positions that could be automated through AI processes