The meeting between FM Sitharaman and Sharma lasted for nearly 10 minutes. He was directed to approach the RBI to ‘sort out the matter’
On Monday, the Paytm founder met officials of the RBI to discuss the central bank’s restriction on Paytm Payments Bank
Last week, the RBI prohibited Paytm Payments Bank from accepting deposits or processing credit transactions over material supervisory concerns
Paytm founder and chief executive officer (CEO) Vijay Shekhar Sharma reportedly met finance minister Nirmala Sitharaman on Tuesday (February 6) amid the crisis at the fintech giant following the Reserve Bank of India’s restrictions on Paytm Payments Bank.
According to CNBC-TV18, the meeting between FM Sitharaman and Sharma lasted for nearly 10 minutes and largely centred around the central bank’s recent directives. Sources told The Hindu businessline that Sharma explained his position during the meeting but was directed to approach the RBI to ‘sort out the matter’.