This is how the world ends
The Daily Brief
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Challenges and Changes at PTM amidst Regulatory Crackdown
The chapter covers PTM facing a setback due to PPBL's ban, leadership changes with both the PTM Payments Bank CEO and PTM CEO resigning, and implications of RBI crackdown on PTM and other institutions impacting PTM's balance sheet. It also touches on PTM's latest quarterly results including a net loss, growth in merchant subscriptions, decrease in monthly transacting users, and fluctuations in merchant loans.
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