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

Kolkata: 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 Voard (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. So far, we have not decided anything as far as this matter is concerned,” ICAI President Ranjeet Kumar Agarwal told PTI in an interview.