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Neither US Nor China Can Ignore India Today: Sitharaman
India's priority is not to impose its dominance but to enhance its influence, Union Finance Minister Nirmala Sitharaman has said, asserting that no country, whether the US or China, can ignore New Delhi today.
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Paytm Gets Approval from NPCI to Enroll New UPI Users
Paytm has said that it has received approval from the country's payments authority to onboard new unified payment interface (UPI) users. The NPCI's approval comes after Paytm submitted a request earlier in August this year.
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Nirmala Sitharaman's Mexico, US Visit To Focus On G20, IMF, World Bank Meetings
Finance Minister Nirmala Sitharaman will embark on an official visit to Mexico and the USA to participate in the G20 Finance Ministers and Central Bank Governor (FMCBG) and fund bank annual meeting.
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India May Take 75 Years To Reach 1/4th Of US Per Capita Income: World Bank
More than 100 countries, including India, face serious obstacles in becoming high-income countries in the next few decades, and New Delhi may take nearly 75 years just to reach one-quarter of US income per capita, a World Bank report said.
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2 Indian-Origin Men Jailed In Singapore For Scamming People In US
Two Indian-origin Singaporean men were sentenced to jail for scamming victims in the United States through at least 50 companies, two of which received money through bank accounts, including transactions from China and the UAE.
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Bank Employee Among 2 Arrested For Rs 48.5 Lakh Cyber Fraud In Noida: Cops
The Uttar Pradesh Police cybercrime unit has arrested two people involved in running a fraudulent scheme that duped a victim of Rs 48.5 lakh under the pretence of share market trading, officials said on Wednesday.
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Explained: Why RBI Keeps Gold Reserves In Foreign Vaults
The Reserve Bank of India transferred 100 metric tonnes of gold from the United Kingdom to domestic vaults in FY24, making it one of the largest gold movements since 1991, according to reports.
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Paytm Payments Bank Board Is Independent, Paytm CEO Vijay Shekhar Sharma Says
The board of India's Paytm Payments Bank is independent and capable of addressing regulatory concerns, the chief executive officer of digital payments firm Paytm, formally known as One97 Communications Ltd, (OCL) said on Monday.
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Paytm Banking Unit CEO Surinder Chawla Resigns Due To "Personal Reasons"
India's Paytm said on Tuesday that Surinder Chawla had resigned as the chief executive officer and managing director of its banking unit Paytm Payments Bank "on account of personal reasons".
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Paytm Payments Bank Said to Cut About 20 Percent of Staff as Business Halt Looms
Indian digital payments firm Paytm plans to cut close to 20 percent of staff at its banking unit amid uncertainty over the unit's future due to a looming central bank deadline for it to halt most operations, two sources said.
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Financial Intelligence Unit Imposes Penalty of Over Rs. 5 Crore on Paytm Payments Bank
India's Financial Intelligence Unit (FIU) on Friday imposed a penalty of Rs. 5,49,00,000 ($662,565) on Paytm's banking arm, Paytm Payments Bank, for violations in reporting illegal money routed through its accounts, the country's finance ministry said.
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Paytm Terminates Some Ties With Troubled Payments Bank Unit
Payments firm Paytm on Friday cut some ties with its payments bank unit, which India's banking regulator has ordered to be wound down, in its latest attempt to address compliance concerns that triggered a meltdown in its shares last month.
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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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Paytm Shifts Nodal Account to Axis Bank, RBI Extends Unit Wind-Down Date to March 15
Paytm Payments Bank has been granted additional time by the RBI to wind down its operations in the country, the central bank announced on Friday. Customers won't be able to add fresh funds to their Paytm Payments Bank accounts after March 15 Meanwhile, parent firm One97 Communications has signed on a new banking partner to try to survive the ongoin...
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RBI Extends Deadline For Paytm Unit Wind-Down To March 15
Paytm Payments Bank got a much-sought after extension from the Reserve Bank of India to wind down its operations on Friday, even as its overseas transactions are under the scanner of the federal financial crime fighting agency.
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Neither US Nor China Can Ignore India Today: Sitharaman
India's priority is not to impose its dominance but to enhance its influence, Union Finance Minister Nirmala Sitharaman has said, asserting that no country, whether the US or China, can ignore New Delhi today.
-
Paytm Gets Approval from NPCI to Enroll New UPI Users
Paytm has said that it has received approval from the country's payments authority to onboard new unified payment interface (UPI) users. The NPCI's approval comes after Paytm submitted a request earlier in August this year.
-
Nirmala Sitharaman's Mexico, US Visit To Focus On G20, IMF, World Bank Meetings
Finance Minister Nirmala Sitharaman will embark on an official visit to Mexico and the USA to participate in the G20 Finance Ministers and Central Bank Governor (FMCBG) and fund bank annual meeting.
-
India May Take 75 Years To Reach 1/4th Of US Per Capita Income: World Bank
More than 100 countries, including India, face serious obstacles in becoming high-income countries in the next few decades, and New Delhi may take nearly 75 years just to reach one-quarter of US income per capita, a World Bank report said.
-
2 Indian-Origin Men Jailed In Singapore For Scamming People In US
Two Indian-origin Singaporean men were sentenced to jail for scamming victims in the United States through at least 50 companies, two of which received money through bank accounts, including transactions from China and the UAE.
-
Bank Employee Among 2 Arrested For Rs 48.5 Lakh Cyber Fraud In Noida: Cops
The Uttar Pradesh Police cybercrime unit has arrested two people involved in running a fraudulent scheme that duped a victim of Rs 48.5 lakh under the pretence of share market trading, officials said on Wednesday.
-
Explained: Why RBI Keeps Gold Reserves In Foreign Vaults
The Reserve Bank of India transferred 100 metric tonnes of gold from the United Kingdom to domestic vaults in FY24, making it one of the largest gold movements since 1991, according to reports.
-
Paytm Payments Bank Board Is Independent, Paytm CEO Vijay Shekhar Sharma Says
The board of India's Paytm Payments Bank is independent and capable of addressing regulatory concerns, the chief executive officer of digital payments firm Paytm, formally known as One97 Communications Ltd, (OCL) said on Monday.
-
Paytm Banking Unit CEO Surinder Chawla Resigns Due To "Personal Reasons"
India's Paytm said on Tuesday that Surinder Chawla had resigned as the chief executive officer and managing director of its banking unit Paytm Payments Bank "on account of personal reasons".
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Paytm Payments Bank Said to Cut About 20 Percent of Staff as Business Halt Looms
Indian digital payments firm Paytm plans to cut close to 20 percent of staff at its banking unit amid uncertainty over the unit's future due to a looming central bank deadline for it to halt most operations, two sources said.
-
Financial Intelligence Unit Imposes Penalty of Over Rs. 5 Crore on Paytm Payments Bank
India's Financial Intelligence Unit (FIU) on Friday imposed a penalty of Rs. 5,49,00,000 ($662,565) on Paytm's banking arm, Paytm Payments Bank, for violations in reporting illegal money routed through its accounts, the country's finance ministry said.
-
Paytm Terminates Some Ties With Troubled Payments Bank Unit
Payments firm Paytm on Friday cut some ties with its payments bank unit, which India's banking regulator has ordered to be wound down, in its latest attempt to address compliance concerns that triggered a meltdown in its shares last month.
-
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...
-
Paytm Shifts Nodal Account to Axis Bank, RBI Extends Unit Wind-Down Date to March 15
Paytm Payments Bank has been granted additional time by the RBI to wind down its operations in the country, the central bank announced on Friday. Customers won't be able to add fresh funds to their Paytm Payments Bank accounts after March 15 Meanwhile, parent firm One97 Communications has signed on a new banking partner to try to survive the ongoin...
-
RBI Extends Deadline For Paytm Unit Wind-Down To March 15
Paytm Payments Bank got a much-sought after extension from the Reserve Bank of India to wind down its operations on Friday, even as its overseas transactions are under the scanner of the federal financial crime fighting agency.
