The stock market veteran is eyeing the lending space and aims to grow quickly by acquiring distressed assets of big-name groups.
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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.
Acquirer JSW Steel and the other parties to the resolution process of the insolvent entity vitiated the sanctity of the bankruptcy code, the apex court found.
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.