Bengaluru, June 19 -- A leading Indian fintech pioneer, known for revolutionising digital payments and financial services, faces a critical regulatory challenge. This article details the company's appeal to the central bank for relief concerning a significant penalty of approximately Rs. 611 crore, exploring the dispute's context and potential implications for its operations.

One 97 Communications Limited's stock, with a market capitalisation of Rs. 55,728 crores, fell to Rs. 868.20, hitting a low of up to 2.6 percent from its previous closing price of Rs. 891.50. However, the stock over the past year has given a return of 113 percent.

What happened? Paytm is seeking relief from the Reserve Bank of India (RBI) in a Rs. 611 crore case in...