Paytm Payments Bank and One97 Communications are separate entities, according to Paytm's CEO Vijay Shekhar Sharma. He stated that the ban on Paytm Payments Bank from onboarding new customers will not impact the growth of their credit business. Sharma emphasized that the two companies operate independently and have different business plans. Paytm reported a reduced loss of INR 291.7 crore in Q2 2023, with revenue from financial services and others growing by 64% YoY. Sharma also mentioned that existing customers are better positioned to access credit through Paytm's lending partner compared to new customers.