Paytm’s advisory panel chief says yet to delve deep to identify any issue with firm

New Delhi: An advisory committee, set up by Paytm owner One97 Communications after the Reserve Bank’s action on its payments bank business, is yet to have a deeper engagement with the company to identify any issue, head of the panel and former chairman of Sebi M Damodaran said on Sunday.

“We are an external advisor. At this point they (Paytm) are dealing with RBI,” Damodaran said in response to a question on the impact on Paytm with regard to RBI’s January 31 order on Paytm Payments Banks Limited (PPBL).

As per the January 31 order, the RBI asked PPBL to stop further deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, and National Common Mobility Cards, after February 29. Later, the central bank extended the deadline till March 15.