Paytm’s advisory panel chief M Damodaran on identifying issues with fintech firm

The advisory committee, formed by Paytm parent company One 97 Communications Ltd. after the Reserve Bank of India’s (RBI) action on the fintech firm’s payments bank business, has yet to identify any issue, head of the committee and former Securities and Exchange Board of India (Sebi) chairman M Damodaran told news agency PTI. While responding to a question w.r.t. RBI’s January 31 order on Paytm Payments Bank Limited and its impact on Paytm, Damodaran said at this point, the firm is dealing with the RBI. “We are an external regulator. At this point, they (Paytm) are dealing with RBI,” Damodaran said during the release of his biography ‘The Turmeric Latte’ compiled by his former Sebi colleagues.