One97 Communications Limited, the parent company of the renowned brand Paytm (NS:PAYT), has taken a significant step towards enhancing its compliance and regulatory functions by establishing a group advisory committee. Led by the esteemed former SEBI Chairman M. Damodaran, this committee aims to collaborate closely with the Board in fortifying regulatory adherence.
The committee boasts a lineup of seasoned professionals, including M.M. Chitale, the former President of the Institute of Chartered Accountants of India (ICAI), and a former Governing Council Member of the Banking Codes and Standards Board of India nominated by the RBI. Additionally, the committee features banking stalwarts such as R. Ramachandran, the former Chairman and Managing Director of Andhra Bank (NS:ADBK).
In its pursuit of bolstering regulatory compliance, the committee will maintain a close synergy with the Board, ensuring alignment with evolving regulatory landscapes. The company's management underscores its unwavering commitment to fostering sustainable business growth while upholding a robust regulatory and compliance framework.
As part of its strategic approach, One97 Communications remains open to augmenting the committee with further expertise as deemed necessary, reaffirming its dedication to upholding the highest standards of corporate governance and regulatory compliance.
(With Agency Inputs)
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