Mobile wallet company Paytm, which is planning to apply for a payment bank licence, has sought clarification from the Reserve Bank of India (RBI) on norms pertaining to branch structure and promoter shareholding.Paytm is the flagship brand of One97 Communications, a mobile internet company. It is likely its application for a bank licence will be in the name of One97 Communications, which has been operating in India since 2000.

Source - http://www.business-standard.com