PayTm

According to a Paytm spokesperson, "The widening of losses and decline in revenue were mainly due to disruptions caused as an outcome of restrictions on Paytm Payments Bank Ltd. by RBI." He further mentioned, "The decline in revenue and increase in losses are coming from the impact on PPBL products like Wallet. We had to suspend the Wallet and many other products.".

He reflects on some of the recent regulatory action by Reserve Bank of India in the case of Paytm Payments Bank, in which the emotional cost has been paid through Sharma, according to him: "That is a professional responsibility one has to bear at times.

The restructuring within PPBL has been emphasized, with the board undergoing significant changes. As stated by One 97 Communications Limited, nearly all agreements between the parent company and PPBL have been terminated, a process initiated and disclosed on March 1, 2024. The reconstitution of PPBL's board now includes five independent directors, including an Independent Chairperson, without any nominees from the parent company.