One 97 Communications, the parent company of Paytm, is pursuing a dual-track strategy centered on regulatory normalization in India and accelerated international growth.

The firm has formally approached the Reserve Bank of India (RBI) to seek permission to revive its digital wallet business, Paytm Payments Bank, which has faced significant restrictions in recent years.

This move signals a renewed effort to stabilize its core domestic operations while simultaneously expanding its footprint in global markets.

The development places Paytm among the key stocks in focus for Indian investors today, alongside names such as Dixon Technologies, Apollo Micro Systems, and ONGC.

Market participants are closely monitoring the regulatory trajectory, as the outcome of the RBI engagement could materially impact the company's revenue streams and valuation multiples.

The dual approach reflects a broader attempt to decouple domestic regulatory risks from international growth opportunities.