Tag: Reserve Bank of India
BharatPe: Rajnish Kumar was complicit in alleged fraud committed by BharatPe: Ashneer Grover to RBI
BharatPe ex-managing director Ashneer Grover has written a letter to the Reserve Bank of India accusing BharatPe board chairman Rajnish Kumar of allocating equity shares…
Ashneer Grover: Ashneer Grover writes to RBI seeking probe into BharatPe’s shareholding, licence applications
Ashneer Grover, cofounder and former managing director of BharatPe, has written to the Reserve Bank of India (RBI), asking the banking regulator to initiate an…
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…
No foreign remittances licence, no Fema violation: Paytm to ED
Paytm Payments Bank has told the Enforcement Directorate (ED) that it does not possess the licence required for outward foreign remittances and hence the question…
RBI allows prepaid wallets, cards without KYC, to pay for rail, metro, bus, toll, parking; how it works
The Reserve Bank of India (RBI) announced that it will now allow licenced bank and non-bank Prepaid Payment Instrument (PPI) issuers to issue PPIs for…
Paytm: Elevation Capital’s massive gamble on Paytm backfires
Elevation Capital, the largest institutional shareholder in One 97 Communications– owner of digital payments brand Paytm– is staring at a massive erosion in the worth…
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 news: Paytm not in list of 32 banks authorised to issue new FASTags
The road tolling authority has advised highway users to buy FASTags from an authorised bank and listed 32 banks sans Paytm Payments Bank, in a…
Paytm news: Hardly any room for review of action taken against Paytm Payments Bank: RBI Guv Das
After curbing fintech company Paytm’s banking unit’s operations, the Reserve Bank of India‘s governor Shaktikanta Das has said there is “hardly any room for review”….
Shaktikanta Das on Paytm: Paytm Crisis: Action was taken after persistent non-compliance, says RBI Deputy Guv Swaminathan
Commenting on the Paytm Crisis that broke out last month, the Reserve Bank of India (RBI) deputy Governor Swaminathan Janakiraman on Thursday said that this…