Paytm curtails sub-Rs 50,000 personal loans following RBI capital requirement increase

Paytm issued regulatory compliance adjustment affecting Reserve Bank of India on December 7, 2023.

Primary

Paytm

Counterparty

Reserve Bank of India

Structure

regulatory compliance adjustment

Date

December 7, 2023

Sub-sector

Lending Tech (Consumer)

RBI tightened capital reserve requirements for personal loans, prompting Paytm to reduce sub-Rs 50,000 loan distribution by 40-50% to manage regulatory risk.

Primary company

Paytm

Counterparty

Reserve Bank of India

Amount

Not disclosed

Event date

December 7, 2023

Sub-sector

Lending Tech (Consumer)

HQ

Not disclosed

Structure

regulatory compliance adjustment

Source published

December 7, 2023

Publisher

The Economic Times

Source: economictimes.indiatimes.com