Paytm CEO Meets Nirmala Sitharaman, Told To Sort Out Issue With RBI: Sources

Vijay Shekhar Sharma is in fire-fighting mode after the RBI last week asked Paytm to stop its popular digital wallet, deposits and credit products.

The Paytm chief executive was told the government has no role to play in connection with the latest RBI restrictions when he went to meet Finance Minister Nirmala Sitharaman yesterday, said people familiar with the matter.

Vijay Shekhar Sharma is in fire-fighting mode after the Reserve Bank of India last week asked Paytm to stop its popular digital wallet, deposits and credit products.

Paytm shares had tanked over 40% since then, rebounding only this Tuesday.