Paytm issue may be reviewed, scrutiny on Byju’s progressing well: ICAI

Amid the unfolding Paytm Payments Bank Ltd crisis, Institute of Chartered Accountants of India President Ranjeet Kumar Agarwal on Sunday said its financial reporting review board (FRRB) may deliberate on issues of the fintech firm in the near future.

The FRRB of the statutory body is currently conducting a review of the accounts of tech-based education unicorn Byju’s over alleged governance concerns, and the exercise is progressing well, the ICAI president said.

“So far, we have not considered it (Paytm issue), but the board meeting of the FRRB will take place in the near future and it will consider appropriate action if required.