Paytm to scrap agreements with bank unit – Times of India

[ad_1] MUMBAI: Paytm on Friday said that the firm and its associate entity Paytm Payments Bank have mutually agreed to discontinue various inter-company agreements to “reduce dependencies”. The shareholders of the bank have also agreed to simplify the shareholders’ agreement to support its governance, independent of its shareholders. The development comes days after Paytm founder…

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Paytm Stock Crashes 20% Again, Morgan Stanley Recommends ‘Buy’ | India Business News – Times of India

[ad_1] MUMBAI: The street, with the exception of global financial major Morgan Stanley, failed to take comfort from Paytm management’s assurance to investors that the company will disassociate from Paytm Payments Bank after RBI’s move to impose severe restriction on its operations.For the second straight day, the stock price of One97 Communications, which operates Paytm,…

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