Indian embattled fintech firm Paytm has confirmed recent media reports about an independent director resigning from its banking subsidiary Paytm Payments Bank. Manju Agarwal stepped down from the Paytm Payments Bank board on February 1 citing personal commitments, according to the company’s filing with the stock exchange.News agency PTI had earlier reported that Agarwal resigned after RBI’s missive to the fintech company. The Reserve Bank of India in January issued a directive to Paytm Payments Bank to wind down the majority of its operations. Paytm had previously announced its intention to establish an advisory committee focusing on compliance and regulatory issues. The company, in an…
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Paytm news: Paytm Payments Bank’s director has resigned, company confirms
