State Bank of India Chairman Dinesh Khara on Saturday in an exclusive interaction with ETBFSI, on the Paytm crisis said that SBI is reaching out to Paytm customers through its branch SBI payments.
“We will provide all the support to traders and offer QR scan code, POS machines etc so that the industry does not suffer in general,” he said.
Talking about the plan, Khara said, We may not take the investment in the Paytm as we will have to review all the balance sheets and valuation among other aspects.”
“But getting dealers is what we’re working on,” he said.
It is worth emphasizing here that on the day of RBI notification about Paytm, founder Vijay Shekhar Sharma said, “We believe in partnership of the banks and we will be able to do the same in the next few days.”
Vijay Shekhar Sharma said that One97 Communications Ltd (OCL) is already working with various other banks and Paytm Payments Bank is one of the leading banks. From here the company is clear that it will work with various other banks and not Paytm Payments Bank Ltd (PPBL).