Paytm founder Vijay Shekhar Sharma has once again reacted to the Central Reserve Bank’s action on Paytm Payments Bank. However, this time he admitted that it was an emotional shock on a personal level, while he learned a lesson to handle professional responsibilities better. Sharma said- I would say that we should have done better professionally, there is nothing hidden in this. We had responsibilities, we should have fulfilled them in a better way. Let us inform that keeping in mind the interest of customers including merchants, the Reserve Bank had barred Paytm Payments Bank Limited from accepting deposits, credit transactions or top-up in any customer account, wallet and Fastag.
The company is like my daughter
Vijay Shekhar Sharma said that he has gone through even more challenging times than this. “When I was raising funds around 2013-14, we were running out of funds,” he said. I thought if we finished no one would mind. This matter matters today. As a founder, my company is like my daughter. As a company we are maturing. It is as if the topper daughter in school meets with an accident on her way to an entrance exam. It’s a feeling that’s a little personal, emotional.
Government praised for startup
Along with this, Vijay Shekhar Sharma said that the government has truly started a golden period for startups by bringing them into the mainstream. He said that this is a surprising change from the days when startups were ranked at the bottom in terms of adoption as a career.
Sharma said India has come a long way from the times when job aspirants preferred to go abroad or hope for jobs in foreign IT companies or large domestic technology firms. Sharma said that people coming out of college and seeking jobs now prefer to stay in India rather than looking for jobs abroad.
