HDFC Bank talking to Paytm and evaluating developments: Parag Rao

The largest private sector lender, HDFC Bank is talking and evaluating the developments with its long-standing partner Paytm, even as it has seen significant traction of its customers on its app post the Reserve Bank of India order on the payments bank, said Parag Rao, Group Head – Payments, Consumer Finance, Marketing, HDFC Bank.

“Paytm has been our partner over the years in our acceptance business. Under the current circumstances, we don’t know too much of what is happening but we are talking, sort of waiting and watching how the events develop in the next couple of weeks,” Rao said.