Paytm’s parent company, One 97 Communications Ltd, on Saturday morning issued a clarification that the recent regulatory action on Paytm Payments Bank Ltd has no financial or operational impact on its business.

While posting on social media platform X, the company emphasised that it has no exposure to PPBL and does not maintain any material business arrangements with the payments bank. It further stated that no services offered by Paytm are provided in partnership with PPBL.