One97 communications, the parent company of Paytm Bank and its founder Vijay Shekhar Sharma together invested an amount of Rs 122 crore in Paytm Payments Bank accumulating a total fund infusion of Rs 400 crore till date.
The main act
Vijay Shekhar Sharma invested Rs 62 crore and the rest amount was put upon by One97 communications. Initially, both Sharma and company invested Rs 220 crore in the bank with Sharma holding the majority stake.
The Current Status
Back in September, both Sharma and company infringed Rs 60 and with Payments Bank incorporated in August, the bank got a turnover of Rs 2 crore while its losses Rs 30 crore. There are total of four payments bank that are operational in India- India Post Payments Bank, Airtel Payments Bank, Fino Payments Bank and the Paytm Payments Bank.