One 97 Communications has informed that it has been informed by its associate entity, Paytm Payments Bank (‘PPBL’), that the Reserve Bank of India (‘RBI’) vide its press release dated January 31, 2024 has given it further directions under section 35A of the Banking Regulation Act, 1949. PPBL is taking immediate steps to comply with RBI directions, including working with the RBI to address their concerns as quickly as possible. The company has enclosed a press release to be issued by the Company in this regard. The Company will hold a conference call on Thursday, February 1, 2024 from 3:30 pm (IST) to 4:15 pm (IST) regarding the same. The company has enclosed the mandatory pre-registration link for attending the call. The disclosure will also be hosted on the Company's website: www.paytm.com.
The above information is a part of company’s filings submitted to BSE.