2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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19 crores
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22 crores
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35 crores
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42 crores
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Detailed explanation-1: -Paytm Payments Bank emerges as a success story of the banking model, registers profit for the 2nd consecutive year. We are proud to share that Paytm Payments Bank Limited (PPBL), India’s largest profitable payments bank, has increased its profit to Rs. 29.8 crore PAT in FY’20, up from Rs. 19.2 crore in FY’19.
Detailed explanation-2: -As a result, the company’s contribution profit grew 224% YoY to Rs 843 crore, leading to an increase in contribution margin to 44% of revenues.
Detailed explanation-3: -Paytm Payments Bank offers a 2.5% interest rate on their savings account balance and pays out the interest monthly.
Detailed explanation-4: -ii. The amount loaded in such Wallets during any month shall not exceed Rs. 10,000 and the total amount loaded during the financial year shall not exceed Rs. 1,20,000.