Paytm's crisis is not over yet
Paytm's troubles are showing no sign of abating. After the RBI ban, Paytm Payment Bank continues to be in the headlines. Now in the latest case the company director has resigned from Paytm Payment Bank. Which has been confirmed by the company.
According to the information filed in the stock exchange, Manju Aggarwal who was the director of Paytm Payment Bank. He submitted his resignation to the board on 1 February. According to the report of news agency PTI, it was said that Manju Aggarwal has resigned due to the ban by RBI.
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In fact, in the last week of January, Reserve Bank of India had banned Paytm Payment Bank from adding new customers. For this, RBI had given time till 29th February to the company. Paytm Payments Bank's director has resigned, company confirmsEarlier, the Indian government has also investigated this company's relations with China. The government has started investigating China's foreign investment in Paytm Payment Bank.
The name of this company was changed
Earlier last week, the company had also changed the name of its e-commerce business. Paytm e-commerce was renamed as Pai Platforms. Along with this, the company has acquired Bitsila to increase its stake in online retail business. Actually, after the decision of RBI, many changes are being seen in Paytm. It is believed that there may be more changes in this company in the coming time.
The news is being updated.
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