Paytm noted that this approval is conditional, with full authorisation contingent on adherence to regulatory norms issued in March 2020 and subsequent updates. The company also highlighted that any future changes in control or transfer of activities would require prior RBI approval.
Paytm is India's leading mobile payments and financial services distribution company.
The company reported a consolidated net profit of Rs 122.5 crore, reversing a net loss of Rs 544.6 crore in Q1 FY25. Revenue from operations rose 27.7% YoY to Rs 1,917.5 crore, driven by growth in subscription merchants, higher GMV (Gross Merchandise Value), and increased revenue from financial services distribution.
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