News > Paytm: Claims that lenders invoked loan guarantees are "factually incorrect"

Paytm: Claims that lenders invoked loan guarantees are "factually incorrect"

In stock filing, Paytm asserted that it acts as a distributor of loans, and does not provide a First Loss Default Guarantee (FLDG) or other loan guarantees to lending partners. "We continue to collaborate with multiple banks and NBFCs, ensuring a diversified lending partnership network while strictly adhering to risk and compliance. Our Personal Loans distribution business was not disrupted and continued to scale effectively," Paytm's stock filing read.