Paytm loan disbursals rise three-fold to Rs 12,554 crore in March quarter

One97 Communications, the parent company of the Paytm brand, has seen loan disbursals grow over threefold year-on-year to Rs 12,554 crore for the quarter ended March 31, the company said in a stock exchange filing on Wednesday.

While updating the exchanges about its operational performance, One97 Communications said it had disbursed Rs 4,468 crore in loans in March alone, higher than what it clocked in the March quarter a year earlier. The company disbursed 4.1 million loans this March, through partners.