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Paytm's loss jumps 228% to ₹550 crore in Q4 after RBI's action
short by Debaroti Adhikary / on Wednesday, 22 May, 2024
Fintech firm Paytm's loss jumped to ₹550 crore in the January-March quarter (Q4) after RBI imposed restrictions on Paytm Payments Bank over regulatory concerns. This marks around 228% increase from the ₹168 crore loss reported in the fourth quarter of the previous year. Its revenue from operations fell around 3% to ₹2,267 crore in the quarter.
read more at Moneycontrol