Paytm to cut remuneration of its board members, cap annual pay at Rs 48L

Quick Summary:

Currently, the annual salaries of non-executive independent directors of Paytm’s board members run into crores.

With the revised structure, the annual compensation of each non-executive independent director will be capped at Rs 48 lakh, with a fixed component of Rs 20 lakh.

Sharma further said that the focus on financial inclusion and digitising the informal economy will bring long-term benefits to both the company and the country.

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Article Details

Category: BusinessFinance

Markets: India

Topics: One97 Communications Paytm Payments Bank Vijay Shekhar Sharma Reserve Bank of India Paytm

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 12:48:24 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22204490

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