Business news : Paytm PPBL crisis: OCL’s board approves termination of agreements and amendment in SHA on

Paytm had earlier announced that it will be signing new partnerships with other banks and taking measures to provide seamless services to its customers and merchants.

“As part of this process of reducing interdependence, Paytm and PPBL have mutually agreed to conclude various inter-company agreements with Paytm and its group entities,” the company said in a BSE filing. ” Additionally, PPBL’s shareholders have agreed to simplify the Shareholders’ Agreement (SHA) to keep PPBL’s operations independent.