Paytm rules out NBFC licence pursuit. The fintech giant's leadership confirmed during Q4 earnings that it has no plans to apply for a Non-Banking Financial Company licence, preferring instead to partner with blue-chip lenders. President Madhur Deora stated the company is focused on its core payments business, which continues strong growth momentum. Paytm reported a consolidated profit of 183 crore in Q4 FY26, reversing prior year losses, with revenue growing 18.4 percent quarter-on-quarter. The strategic shift comes after the RBI cancelled Paytm Payments Bank's licence in April for regulatory non-compliance. Management believes the payments market opportunity remains substantial given low penetration and expanding market share, making the partnership model more attractive than capital-intensive lending operations.
