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Paytm Faces Potential ₹300 Crore Loss After RBI's Action on Payments Bank

Paytm said on Thursday it expects a worst case impact of 3 billion rupees ($36.13 million) to 5 billion rupees to its annual earnings.

Paytm Faces Potential ₹300 Crore Loss After RBI's Action on Payments Bank

Paytm said on Thursday it expects a worst case impact of 3 billion rupees ($36.13 million) to 5 billion rupees to its annual earnings from Reserve Bank of India's order barring its unit, Paytm Payments Bank, from accepting fresh deposits from March.

Original News : India News | Reuters

(Except for the headline, this story has not been edited by Scrabbl staff and is published from a syndicated feed.)