RBI 'ban' on Paytm Payments Bank: Company has an important message for Paytm users
RBI 'ban' on Paytm Payments Bank: Company has an important message for Paytm users
OCL announces expansion of relationships with third-party banks following RBI sanctions on Paytm Payments Bank; will no longer work with Paytm Payments Bank; will focus on partnerships with other banks for payments and financial services; user deposits and offline merchant payment network offerings unaffected; other financial services like loan distribution, insurance distribution, and equity broking expected to be unaffected; Paytm Payments Services Limited (PPSL) to move nodal to other banks; founder has not pledged any shares; impact on annual EBITDA estimated at Rs 300 to 500 crores.
OCL announces expansion of relationships with third-party banks following RBI sanctions on Paytm Payments Bank; will no longer work with Paytm Payments Bank; will focus on partnerships with other banks for payments and financial services; user deposits and offline merchant payment network offerings unaffected; other financial services like loan distribution, insurance distribution, and equity broking expected to be unaffected; Paytm Payments Services Limited (PPSL) to move nodal to other banks; founder has not pledged any shares; impact on annual EBITDA estimated at Rs 300 to 500 crores.
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OCL announces expansion of relationships with third-party banks following RBI sanctions on Paytm Payments Bank; will no longer work with Paytm Payments Bank; will focus on partnerships with other banks for payments and financial services; user deposits and offline merchant payment network offerings unaffected; other financial services like loan distribution, insurance distribution, and equity broking expected to be unaffected; Paytm Payments Services Limited (PPSL) to move nodal to other banks; founder has not pledged any shares; impact on annual EBITDA estimated at Rs 300 to 500 crores. 
