Paytm Rbi Action
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Lays Off At Paytm As Loss Widens After RBI Action
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement.
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Paytm Q4 FY24 Loss Widens To Rs 550 Crore After RBI Action Against Payments Bank
Digital payments firm Paytm posted a wider loss in the fiscal fourth quarter on Wednesday, hurt by weakness in its payments and financial services business after the central bank shut down its banking unit.
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Paytm Payments Bank CEO Surinder Chawla Resigns
Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla's resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI.
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RBI Action On Paytm Payments Bank Not Impacting Merchants' Trust, Says Survey
The reason behind merchants' confidence is the fact that a Paytm representative reached out to them after the RBI decision.
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RBI Not Planning Harsher Rules to Curb Fintech Sector After Paytm Strictures, Official Says
The Reserve Bank of India does not plan to impose drastic measures on India's fintech sector after the recent action against Paytm Payments Bank, according to P Vasudevan, an executive director in charge of enforcement at the central bank. Paytm has been in the crosshairs of the regulator for some time, with multiple warnings over the past two year...
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RBI Addresses Queries On Paytm Payments Bank Operation After March 15
RBI has stopped Paytm Payments Bank from onboarding new customers. The action was triggered by persistent and serious supervisory concerns.
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Charges Against Paytm Payments Bank To Be Probed By Enforcement Directorate
The Enforcement Directorate has launched a money laundering probe against digital payments Paytm Payments Bank Ltd, sources told NDTV Wednesday afternoon.
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No Review Of Regulatory Action On Paytm Payments Bank, Says RBI Chief
The Reserve Bank of India (RBI) will not review its recent regulatory action taken on Paytm Payments Bank, Governor Shaktikanta Das said on Monday.
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Paytm To Form Advisory Committee On Regulatory Matters Amid RBI Clampdown
Paytm will form an advisory committee on compliance and regulatory matters, the payments firm said on Friday, a week after India's central bank ordered its banking affiliate to wind down.
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EPFO to Halt Claims Made via Paytm Payments Bank Following RBI Restrictions
The Employees' Provident Fund Organisation (EPFO) has issued an order asking officers to refrain from accepting claims linked with accounts in Paytm Payments Bank. The move comes after the RBI recently directed Paytm Payments Bank to stop accepting new deposits in its accounts or digital wallets from March.
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What RBI Governor Said On Strict Action On Paytm Payments Bank
The Reserve Bank of India today said that the clampdown on Paytm Payments Bank was a result of persistent non-compliance of the regulator's norms.
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Paytm CEO Vijay Shekhar Sharma Said to Be in Talks With RBI Over Regulatory Concerns
Paytm Chief Executive Vijay Shekhar Sharma met the Indian central bank on Monday to discuss plans to address regulatory concerns, two sources with direct knowledge of the talks said on Tuesday, days after the regulator imposed curbs on its banking affiliate.
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''Can't Believe...'': Capitalmind CEO After RBI's ''Over The Top'' Curbs On Paytm Payments Bank
Reacting to the development, Capitalmind CEO Deepak Shenoy called the central bank's action "uncharacteristically over the top".
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Paytm Shares Drop After RBI Action Against Payments Bank, Trigger Meme Fest
Digital payments firm Paytm lost a fifth of its market value on Thursday after the Reserve Bank of India (RBI) directed its associate Paytm Payments Bank to halt its business, sparking a meme fest on the internet.
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Paytm Shares Hit Hard By RBI Action Against Payments Bank, Plunge 20%
Shares of fintech company Paytm plunged 20% in pre-open trade on Thursday, a day after the Reserve Bank of India (RBI) announced to halt business at its associate Paytm Payments Bank.
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Lays Off At Paytm As Loss Widens After RBI Action
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement.
-
Paytm Q4 FY24 Loss Widens To Rs 550 Crore After RBI Action Against Payments Bank
Digital payments firm Paytm posted a wider loss in the fiscal fourth quarter on Wednesday, hurt by weakness in its payments and financial services business after the central bank shut down its banking unit.
-
Paytm Payments Bank CEO Surinder Chawla Resigns
Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla's resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI.
-
RBI Action On Paytm Payments Bank Not Impacting Merchants' Trust, Says Survey
The reason behind merchants' confidence is the fact that a Paytm representative reached out to them after the RBI decision.
-
RBI Not Planning Harsher Rules to Curb Fintech Sector After Paytm Strictures, Official Says
The Reserve Bank of India does not plan to impose drastic measures on India's fintech sector after the recent action against Paytm Payments Bank, according to P Vasudevan, an executive director in charge of enforcement at the central bank. Paytm has been in the crosshairs of the regulator for some time, with multiple warnings over the past two year...
-
RBI Addresses Queries On Paytm Payments Bank Operation After March 15
RBI has stopped Paytm Payments Bank from onboarding new customers. The action was triggered by persistent and serious supervisory concerns.
-
Charges Against Paytm Payments Bank To Be Probed By Enforcement Directorate
The Enforcement Directorate has launched a money laundering probe against digital payments Paytm Payments Bank Ltd, sources told NDTV Wednesday afternoon.
-
No Review Of Regulatory Action On Paytm Payments Bank, Says RBI Chief
The Reserve Bank of India (RBI) will not review its recent regulatory action taken on Paytm Payments Bank, Governor Shaktikanta Das said on Monday.
-
Paytm To Form Advisory Committee On Regulatory Matters Amid RBI Clampdown
Paytm will form an advisory committee on compliance and regulatory matters, the payments firm said on Friday, a week after India's central bank ordered its banking affiliate to wind down.
-
EPFO to Halt Claims Made via Paytm Payments Bank Following RBI Restrictions
The Employees' Provident Fund Organisation (EPFO) has issued an order asking officers to refrain from accepting claims linked with accounts in Paytm Payments Bank. The move comes after the RBI recently directed Paytm Payments Bank to stop accepting new deposits in its accounts or digital wallets from March.
-
What RBI Governor Said On Strict Action On Paytm Payments Bank
The Reserve Bank of India today said that the clampdown on Paytm Payments Bank was a result of persistent non-compliance of the regulator's norms.
-
Paytm CEO Vijay Shekhar Sharma Said to Be in Talks With RBI Over Regulatory Concerns
Paytm Chief Executive Vijay Shekhar Sharma met the Indian central bank on Monday to discuss plans to address regulatory concerns, two sources with direct knowledge of the talks said on Tuesday, days after the regulator imposed curbs on its banking affiliate.
-
''Can't Believe...'': Capitalmind CEO After RBI's ''Over The Top'' Curbs On Paytm Payments Bank
Reacting to the development, Capitalmind CEO Deepak Shenoy called the central bank's action "uncharacteristically over the top".
-
Paytm Shares Drop After RBI Action Against Payments Bank, Trigger Meme Fest
Digital payments firm Paytm lost a fifth of its market value on Thursday after the Reserve Bank of India (RBI) directed its associate Paytm Payments Bank to halt its business, sparking a meme fest on the internet.
-
Paytm Shares Hit Hard By RBI Action Against Payments Bank, Plunge 20%
Shares of fintech company Paytm plunged 20% in pre-open trade on Thursday, a day after the Reserve Bank of India (RBI) announced to halt business at its associate Paytm Payments Bank.
