Paytm's troubles increase further, payment bank director resigns

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Paytms troubles increase further, payment bank director resigns

Paytm's troubles are showing no signs 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 February 1. According to the information, it was said that Manju Aggarwal has resigned due to the ban by RBI.

In fact, in the last week of January, Paytm Payment Bank was banned from adding new customers by the Reserve Bank of India. For this, RBI had given time till February 29 to the company. Earlier, 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.

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. Recently also one thing came out in a survey that people are losing trust in Paytm. According to this survey, about 49 percent small shopkeepers are now asking people to make payment through other apps instead of Paytm.

Tags:    Paytm
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