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The Nomination and Remuneration Committee of the companys board has also approved allotment of fully paid-up 2,91,388 equity shares having face value of Rs 1 each to eligible employees under ESOP 2008 and 2019, as per a stock exchange filing.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

Amid RBIs action on its associate firm, One 97 Communications on Friday said the board has approved the discontinuation of inter-company pacts with Paytm Payments Bank to reduce dependencies.

Get latest articles and stories on India at LatestLY. Amid RBI's action on its associate firm, One 97 Communications on Friday said the board has approved the discontinuation of inter-company pacts with Paytm Payments Bank to reduce dependencies. India News | PPBL Crisis: Paytm, Paytm Payments Bank to Discontinue Inter-company Pacts to Reduce Dependencies.

Amid RBI's action on its associate firm, One 97 Communications on Friday said the board has approved the discontinuation of PPBL.

Earlier this evening, the RBI extended the deadline for Paytm Payments Bank Ltd (PPBL) to March 15 from February 29 from stop accepting fresh deposits and do credit transactions. However, the central bank said customers and merchants of Paytm Payments Bank to shift their accounts to other banks by March 15.

Global broking firm Macquarie, which has shared a love-hate relationship with Paytm stock, has downgraded the new-age stock to underperform with a target price going as low as Rs 275.

Paytm continues to lead in mobile payments innovation and the company is eager to enhance service offerings through partnerships with various banks, the spokesperson said.

Overnight rains, on Feb. 12, 2024 into Feb. 13, 2024, have created hazardous conditions in the Kanawha Valley, forcing several school districts, including the Kanawha County School District to delay classes. Local flooding in the region has also been reported in the Charleston, West Virginia area.

Paytm to form group advisory committee on compliance and regulatory matters. Former chairman of SEBI to head Paytms advisory committee.