Manju Agarwal resigned from Paytm Payments Bank board on first February.

Paytm Payments Bank: Troubled Paytm has suffered another setback. Paytm's parent company One97 Communications has informed on Monday that Manju Agarwal, Independent Director of Paytm Payments Bank, has resigned from the company's board. His resignation has become valid from February 1. Paytm said that Manju Agarwal has decided to step down due to personal reasons. She was working on the board of the company since May 2021.

Manju Aggarwal resigned on 1 February

One 97 Communications said in its regulatory filing that Manju Aggarwal had resigned on February 1. This has been approved by the board of Paytm Payments Bank on 6 February. We want to inform that this decision will not have any impact on the company's business. Manju Aggarwal's resignation comes at a time when Paytm Payments is facing RBI ban. On January 31, RBI had banned the bank from taking any kind of deposits. Since then, question marks have been raised on the future of the bank.

Paytm shares surged

On Monday, Paytm shares rose by 4 percent on BSE. It has reached Rs 434.80. Along with this, the company has also constituted an advisory committee under the chairmanship of former SEBI chairman M Damodaran.

FDI investigation against Paytm Payments Bank

FDI investigation is being conducted against Paytm Payments Bank, which is facing action from the Reserve Bank of India (RBI). Paytm Payments Services Limited, a subsidiary of One 97 Communications, had received FDI from China. An inter-ministerial committee is investigating this investment from China in PPSL. China's Ant Group has invested in One 97 Communications. PPSL had applied for a license to RBI to operate as a payment aggregator and payment gateway in November 2020. However, RBI ordered the company to resubmit it in November 2022 so that Press Note 3 can be complied with under FDI rules.

read this also

UPI Goes Global: India's voice is ringing all over the world, now UPI coin will be valid in so many countries!

Geri Halliwell holds hands with Christian Horner at Bahrain Grand Prix amid shocking texts scandal

Call her Supportive Spice. Geri Halliwell is standing by her husband, Christian Horner, amid scandalous accusations that he allegedly sent ...

UPSC Success Story know Story of IAS Artika Shukla AIR 3

UPSC Success Story: UPSC exam is considered to be the toughest exam not only in the country but in the ...

Part Two’ Expands Zendaya’s Character

Zendaya had top billing in 2021’s Dune — but it’s in the new sequel that the actress truly gets the ...

All About Robin Thicke’s Dad, Late Actor Alan Thicke

After actor Alan Thicke died suddenly in 2016, singer Robin Thicke lost one of his biggest supporters — but he ...

Ranji Trophy 2024 2nd Semi Final Tushar Deshpande 3 wickets Tamil Nadu 146 runs all out

Mumbai vs Tamil Nadu: The second semi-final match of Ranji Trophy 2024 is being played between Mumbai and Tamil Nadu ...

Pat Cummins may be appointed captain of Sunrisers Hyderabad IPL 2024 SRH

Sunrisers Hyderabad IPL 2024: Sunrisers Hyderabad can make many changes in the team for IPL 2024. The franchise can hand ...

Ranji Trophy 2024 First Semi-Final Avesh Khan's four wickets, Vidarbha all out for 170 runs

Avesh Khan Ranji Trophy 2024 1st Semi Final: Avesh Khan has performed brilliantly many times during his career. He has ...

PEOPLE’s Best Books To Read in March 2024

Steamy romance and a forgotten legacy — here are PEOPLE's picks for the best books of March. 'American Woman: The ...

Sarfaraz Khan may enter KKR CSK RCB in IPL 2024 auction, know latest sports news here

Sarfaraz Khan: Sarfaraz Khan's base price in IPL auction was only Rs 20 lakh. But no team bid, hence this ...

Glenn Phillips 5 wickets vs Australia 1st New Zealand Know stats and records here

Glenn Phillips in Australia vs New Zealand 1st Test: The first test between Australia and New Zealand has reached an ...

Leave a Comment