Noida Based One News Today

The RBI said the Paytm Payment Banks continued material supervisory concerns warranted further supervisory action.

Synopsis The operator of Indias largest fintech startup cut its expenses by 20% to Rs 5,861 crore in 2019-20, though revenues fell marginally to Rs 3,350 crore. ETBFSI Mumbai:Paytm’s parent One 97 Communications has cut its losses by 28% to Rs 2,833 crore in 2019-20, on the back of curtailed expenses, regulatory filings accessed by ET through business intelligence platform Toffler showed. The Noida-based One97’s expenses came down by 20% to Rs 5,861 crore in the reporting fiscal against a t...