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The report highlighted that Paytm anticipates loan rates to stabilise between 3% to 3.5% in the long run.

The company had posted a loss of Rs 167.5 crore in the same period a year ago, the company said in a regulatory filing.

Fintech firm One97 Communications, which owns the Paytm brand, on Wednesday said its loss in the fourth quarter of the financial year 2023-24 has widened to Rs 550 crore following the ban imposed by the RBI on transactions related to its payments bank. The company had posted a loss of Rs 167.5 crore in the same period a year ago, the company said in a regulatory filing. 'Our fourth quarter FY24 results were impacted by temporary disruption on account of UPI transition etc. and permanent disruption because of the PPBL embargo.

Noida: Ahead of Paytm’s announcement of its yearly and fourth-quarter financial results later this month, two senior officials have stepped down, adding to a growing trend of top-level departures at the Noida-based mobile payments company, media reported.

The resignations come after President and COO Bhavesh Gupta, a close confidante of founder Vijay Shekhar Sharma, resigned from his position last week and transitioned to an advisory role.