No financial impact: Paytm after RBI cancels its banking licence

One 97 Communications, Paytm's parent company, on Friday said the RBI’s cancellation of Paytm Payments Bank’s (PPBL) licence will have no financial or business impact on the company. It clarified that PPBL operates independently, with no board or management overlap, and its investment had already been impaired as of March 31, 2024. Paytm said all its services will continue uninterrupted.