India, April 23 -- Fintech juggernaut Paytm's founder and CEO Vijay Shekhar Sharma has said that Paytm Payments Bank's board is independent and is capable of addressing regulatory concerns.

Speaking at a webinar while launching the company's new soundboxes on Monday (April 22), he added that he has no connection whatsoever with the payments bank.

"I, personally or anyone from OCL (Paytm parent One97 Communications), have no connection with the payments bank. There is an independent board. The board is very capable and they are taking care of all process requirements. We trust the board and have full faith in how they are guiding and what steps they are taking next," said Sharma.

His statement comes a month after the Reserve Bank of Ind...