Paytm's losses widen in March quarter following banking unit wind down

Paytm's losses widen in March quarter following banking unit wind down

A Sadhu or a Hindu holy man pays the vendor through Paytm, a digital wallet company, after buying a book during the annual religious festival of Magh Mela in Allahabad, India, January 26, 2017. REUTERS/Jitendra Prakash

Indian digital payments firm Paytm posted a wider loss in the fiscal fourth quarter on Wednesday, hurt by weakness in its payments and lending business after the central bank asked the company to wind down its banking unit.