New Delhi: Fintech services major Paytm on Thursday refuted media reports claiming about invoking loan guarantees due to repayment defaults by the company’s lending partners. In a stock exchange filing, Paytm said such reports are “inaccurate”. “Paytm acts as a distributor of loans, and does not provide a First Loss Default Guarantee (FLDG) or other loan guarantees to lending partners,” said the fintech major. “We continue to collaborate with multiple banks and NBFCs, ensuring a diversified lending partnership network while strictly adhering to risk and compliance,” it added. According to the company, its Personal Loans distribution business was not disrupted and “continued to scale effecti
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