Sai Jai
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Paytm has applied for a licence to set up a money market mutual fund that will enable the company to expand its financial offerings to consumers.
According to sources, Paytm has applied to the Reserve Bank of India (RBI) to start the fund in the coming months, a move that will enable the company to increase revenues from financial services.
When contacted, Paytm declined to comment. The primary objective of a money market fund is to invest in short-term securities.
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Paytm Said to Seek RBI Licence to Start Money Market Fund
..
According to sources, Paytm has applied to the Reserve Bank of India (RBI) to start the fund in the coming months, a move that will enable the company to increase revenues from financial services.
When contacted, Paytm declined to comment. The primary objective of a money market fund is to invest in short-term securities.
Read More
Paytm Said to Seek RBI Licence to Start Money Market Fund
..
