On Monday, Paytm (PAYT.NS) confirmed media reports regarding the resignation of an independent director at its banking arm. The Indian fintech company acknowledged the departure at its banking division.
On February 1, Manju Agarwal resigned from the board of Paytm Payments Bank, citing personal obligations. The company made this announcement through an exchange filing.
On Friday, the payments company announced the formation of an advisory committee on compliance and regulatory matters. This decision comes a week after India’s central bank ordered Paytm Payments Bank to close most of its operations.
Click here for more news on Business.