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In an exchange filing low on details, the lender said it has appointed an external agency to crosscheck the internal finding.
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They were the app’s flagship feature until the RBI shut down new deposits into Paytm wallets a year and a half ago.
After the derivatives hedging fiasco triggered the resignations of top executives, indications are that the regulator expects the private lender’s board to do a thorough cleanup.
An independent investigation, in its report, blames the notional recording of profits by the bank in its internal derivatives trades.