New Delhi, Sept 6 (KNN) Paytm Payments Bank has bagged additional capital of Rs 60 crore, as per documents filed in Registrar of Companies (RoC).

The wallet business of Paytm was transformed into newly created payments bank entity to meet Reserve Bank of India's (RBI) guidelines.

Paytm's founder and CEO Vijay Shekhar Sharma who owns 51% stake in the payments bank has put in Rs 30.6 crore while One97 Communications and One97 Communications India have pumped Rs 23.4 crore and Rs 6 crore, respectively.

This takes the total capital being put in the payments bank to Rs 278 crore.

Paytm, which is run by One97 Communications, created two separate entities -Paytm E-commerce and Paytm Payments Bank.

The bank has started its operations from Noida offering an interest rate of 4%.

Paytm is also looking at retail & SME loans and consumer credits currently.