This story is from March 02, 2024
Paytm to scrap agreements with bank unit
MUMBAI: Paytm on Friday said that the firm and its associate entity Paytm Payments Bank have mutually agreed to discontinue various inter-company agreements to "reduce dependencies". The shareholders of the bank have also agreed to simplify the shareholders' agreement to support its governance, independent of its shareholders.
The development comes days after Paytm founder & CEO Vijay Shekhar Sharma stepped down as the non-executive chairman of PPBL's board, marking the end of his seven-year banking stint as a fintech entrepreneur. OCL's nominee director Bhavesh Gupta too has quit the bank's board.
Stay informed with the latest Business News on Times of India. Explore updates on International Business, gain insights with Financial Literacy tips, and make use of Financial Calculators. Don’t forget to check the list of Bank Holidays in 2025, including Bank Holidays in January.
Ready to Master Stock Valuation? ET’s Workshop is just around the corner!
Stay informed with the latest Business News on Times of India. Explore updates on International Business, gain insights with Financial Literacy tips, and make use of Financial Calculators. Don’t forget to check the list of Bank Holidays in 2025, including Bank Holidays in January.
Ready to Master Stock Valuation? ET’s Workshop is just around the corner!
Popular from Business
- GST collections 7.3% up in December, totaling Rs 1.77 lakh crore
- Peak fog season: Government lists steps for airlines & airports operators to minimise flyer inconvenience
- RBI to sell Rs 4.73 lakh crore government bonds in March quarter for states and UTs
- Income tax return deadline extended: Revised filing now allowed until January 15
- Air India will increase its global coverage in years ahead: CEO Campbell Wilson
end of article
Trending Stories
- Adani group to exit Adani Wilmar, sell stake to raise over $2 billion
- Adani to exit Wilmar Joint Venture, to sell 44% in FMCG company for $2 billion
- Stock market today: BSE Sensex slips over 350 points; Nifty50 below 23,600
- Govt considers income tax relief for those earning up to Rs 15 lakhs: Report
- GST Council's popcorn taxation sparks backlash on social media
- SC allows banks to charge 30% interest rates on credit card dues
- RBI policies may have contributed to economic slowdown: Finance ministry
Visual Stories
- 9 ways to wish your old college friends a Happy New Year
- 8 reasons students benefit more from chunk study than marathon learning
- JEE Main 2025: Top 8 Chemistry Chapters to Boost Your Score
- 8 Expert Tips to Speak English Like a TV News Anchor
- JEE Mains 2025: 8 Most Important Chapters and Topics for Physics
UP NEXT
Start a Conversation
Post comment