Paytm counts costs of regulatory clampdown as losses swell

from TechCrunch 8 months ago

One 97 Communications, parent company of Paytm, reported $66.1M net loss in March quarter due to regulatory issues. Paytm's FY24 net loss decreased to $170M, but revenue grew 25% to $1.19B.
TechCrunchhttps://techcrunch.com/2024/05/21/paytm-counts-costs-of-regulatory-clampdown-as-losses-swell/

Paytm faced $27.2M loss on impairing investment in Paytm Payments Bank Ltd due to RBI restrictions. It ended major activities with PPBL, impacting its investment value.
TechCrunchhttps://techcrunch.com/2024/05/21/paytm-counts-costs-of-regulatory-clampdown-as-losses-swell/

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#paytm #loss #regulatory-challenges #investment-impairment #financial-performance

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Paytm counts costs of regulatory clampdown as losses swell | TechCrunchPaytm counts costs of regulatory clampdown as losses swell | TechCrunch Briefly

Paytm counts costs of regulatory clampdown as losses swell | TechCrunch
Paytm counts costs of regulatory clampdown as losses swell | TechCrunch
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