Paytm on Wednesday warned of further financial impact in the current quarter as the Indian digital payments firm absorbs the full impact of the Reserve Bank of India's (RBI's) directive to wind down its banking unit.
Paytm wrote down the value of its entire investment in Payments Payment Bank Ltd (PPBL) - worth Rs 2.27 billion - considering "future uncertainties" over the latter's business operations, it said in an exchange filing.
Comments
Post a Comment