The National Payments Corporation of India (NPCI) granted its approval following a request by the corporate in August, Paytm mentioned.
The nation’s monetary regulator wound down Paytm’s banking unit in January as a result of persistent compliance points, sparking worries about its key digital funds enterprise and triggering a meltdown in its inventory worth.
Paytm shares have misplaced round 10 p.c because the central financial institution clampdown on January 31.
Earlier within the day, shares of the corporate shed greater than 5 p.c after it reported a 34 p.c decline in income and a 25 p.c drop in month-to-month transacting customers for September quarter.
© Thomson Reuters 2024
(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)
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