Paytm Forms Advisory Panel With Ex-SEBI Head to Boost Compliance
A Paytm digital payment QR code.
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India‘s fintech pioneer Paytm has formed a panel, headed by the former chief of the country’s capital markets regulator, to work with its board for strengthening compliance as it battles regulatory strictures.
The so-called group advisory committee will be headed by Meleveetil Damodaran, who formerly headed the Securities and Exchange Board of India, Paytm parent One97 Communications Ltd. said in a filing Friday. The three-member panel also comprises the former head of a prominent chartered accountant body and the ex-chairman of a state-run bank.