In response to the central financial institution, Paytm Funds Financial institution didn’t adjust to the situations set out within the funds financial institution license issued to it. File | Picture credit score: Reuters
Fintech main One97 Communications, which operates the Paytm model, has denied plans to use for a non-banking monetary firm (NBFC) license.
In the course of the firm’s This fall earnings name on Thursday (Might 7, 2026), Paytm President and Group CFO Madhur Deora mentioned, “We’re not that enthusiastic about getting the NBFC license.” He famous that he prefers a “win-win” partnership mannequin the place Paytm takes care of distribution, expertise and collections, whereas the blue-chip financing accomplice manages capital, threat and circularity.
“We’ve got a really massive funds market, and that market is rising, and our market share is growing. Mixed with the low penetration price, it implies that the chance within the quick to medium time period is already very, very massive,” he mentioned.
Final month, the Reserve Financial institution of India (RBI) canceled the banking license issued to Paytm Funds Financial institution Restricted (PPBL) for violation of norms, alleging that banking operations have been carried out to the detriment of depositors.
The central financial institution mentioned the financial institution had not complied with the situations set out within the funds financial institution license it had been issued.
One97 Communications mentioned in an organization submitting that it had no publicity to PPBL because it had already written down its funding in PPBL as of March 31, 2024.
Paytm on Wednesday (Might 6, 2026) reported a consolidated revenue of Rs 183 crore for the fourth quarter ended March 2026, an enchancment from a lack of Rs 545 crore within the year-ago interval.
Consolidated working income elevated by 18.4% to Rs 2,264 crore through the reporting quarter from Rs 1,912 crore within the March 2025 quarter.
In the course of the monetary 12 months ended March 2026, Paytm posted a consolidated revenue of Rs 552 crore as towards a lack of Rs 663 crore in FY25.
Paytm’s annual working income grew 22.2% from Rs 6,900 crore in FY25 to Rs 8,437 crore in FY26.
