Tag: Paytm crisis
financial intelligence unit paytm fine: FIU imposes Rs 5.49 crore fine on Paytm Payments Bank for money laundering violation
The finance ministry’s Financial Intelligence Unit-India (FIU-IND) has imposed a fine of Rs 5.49 crore on Paytm Payments Bank for “violating its obligations” under the…
paytm bank: One 97 Communications discontinues inter-company agreements with Paytm Payments Bank
Troubled payments company One 97 Communications, which runs Paytm, approved the discontinuation of various inter-company agreements with its payments bank unit, the company said on…
paytm payments bank user complaints: Paytm Payments Bank saw a massive jump in user complaints in FY23
Paytm Payments Bank had seen a sharp jump in customer complaints in the last financial year, much before it came under stringent regulatory action, according…
Paytm crisis: FM Nirmala Sitharaman asks RBI, fintechs to hold monthly meetings in wake of Paytm crisis
Finance Minister Nirmala Sitharaman has asked regulators to hold monthly meetings with startups and fintech firms to address their issues and concerns while emphasising strict…
paytm ED case: ED has not yet found forex breaches at Paytm unit, source says
An investigation into possible foreign exchange violations at Patym Payments bank by India’s financial crime fighting agency has not yet found any breaches, a government…
paytm macquarie downgrade: Macquarie cuts Paytm price to Rs 275 after RBI crackdown
Brokerage firm Macquarie has downgraded Paytm to ‘underperform’ and sharply cut its target price to Rs 275 from Rs 650 citing a serious risk of…
paytm crisis: Centre examining FDI flow from China in Paytm Payments Services
The government is examining foreign direct investment from China in Paytm Payments Services Ltd (PPSL), the payment aggregator subsidiary of One97 Communications Ltd, sources said….
Vijay Shekhar Sharma exit Paytm Payments Bank: Paytm’s Vijay Shekhar Sharma discussed exiting board, removing Paytm from bank name
Vijay Shekhar Sharma, founder of Paytm and part-time chairman of Paytm Payments Bank, considered resigning from the latter’s board and removing ‘Paytm’ from its name…
paytm crisis: Two independent directors quit Paytm Payments Bank board
Crisis-laden Paytm Payments Bank (PPBL) has seen at least two independent directors resigning from its board even as it battles to assuage concerns over its…
rbi nhai meet paytm crisis: RBI to tap NHAI, NPCI to fix rescue plan for Paytm users
The Reserve Bank of India will meet with the country’s highways authority and National Payments Corporation of India (NPCI) among others next week, to finalise…