Paytm CEO Vijay Shekhar Sharma Meets Finance Minister Amid Regulatory Concerns: Report - News18
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Vijay Shekhar Sharma, the CEO of Paytm, met Finance Minister Nirmala Sitharaman on February 6, reports suggest citing sources. This comes days after the RBI ordered its payment bank to halt business, leading to a share price rout. Earlier in the day, news agency Reuters also reported that Sharma and a few Paytm officials had met the RBI on Monday to discuss regulatory concerns. Also Read: Here’s Why RBI Banned Paytm Payments Bank The meetings come after the RBI asked Paytm Payments Bank last Wednesday to stop accepting new deposits in its accounts and its popular digital wallets from March, citing supervisory concerns and non-compliance with rules. “Discussions are on about addressing the regulatory concerns and compliance issues with both the RBI and the ministry,” one of the sources told Reuters . Paytm Seeks Extension The company has sought an extension of the Feb. 29 deadline from the RBI and has also been seeking clarity from the central bank regarding the transfer of...