Jio Financial denies being in talks to acquire Paytm wallet
Jio Financial Services clarifies it is not in talks with One 97 Communications to acquire Paytm wallet. JFSL denies negotiations and calls the news item speculative. The NBFC's shares rose 14% following the report. RBI is considering cancelling Paytm Payments Bank's banking license due to non-compliance and possible money laundering and KYC violations. Paytm denies reports of being investigated by the Enforcement Directorate.
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