Paytm Advisory Committee: The advisory committee formed after the RBI action against Paytm Payments Bank has said that till now they have not understood any major problem in Paytm. M Damodaran, Chairman of Paytm's parent company One97 Communications Committee and former SEBI Chairman, said that now we will have to work more deeply with the company.
Paytm busy dealing with RBI
M Damodaran said that we are external consultants. At present Paytm is busy dealing with RBI. It is too early to say anything right now. We have not reached that stage yet. On January 31, RBI had banned Paytm Payments Bank from taking deposits, credit transactions and top up. Earlier the deadline of 29th February was fixed for the Payments Bank. Now it has been extended to March 15. After this strict action, Paytm had formed an advisory committee under the chairmanship of M Damodaran on February 9 to find out the regulatory problems.
M Damodaran's biography launched
Damodaran had received threats
Tripura cadre IAS Dinesh Tyagi and former Mines Secretary Sushil Kumar have contributed in writing this book. Dinesh Tyagi has also been the former MD of CSC e-Governance. The threats received by Damodaran have also been mentioned in this book. According to the book, during his tenure as Joint Secretary of the Ministry of Information and Broadcasting, he took some decisions which some people did not like and he threatened Damodaran.
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