What next for Paytm after RBI curbs on its Payments Bank?
WEBWith the Reserve Bank of India barring its subsidiary Paytm Payments Bank from accepting new deposits from February 29, what's in store for the embattled fintech firm?
RBI to issue clarification on Paytm curbs? Here's what top govt ...
WEBThe Reserve Bank of India may issue a clarification on the ongoing Paytm crisis considering the fintech firm's massive user base, Economic Times reported. Financial services secretary Vivek...
Paytm still karo? How a startup star became a cautionary tale
WEBFeb 5, 2024 · India Business News: Discover why Paytm, once a fintech star, is now facing troubles due to lax compliance and KYC issues. Learn about the regulatory actions taken by RBI and the potential impact ...
RBI’s crackdown on Paytm Payments Bank: The inside story
WEBFeb 5, 2024 · 12 Min Read. On the evening of January 31, the Reserve Bank of India pronounced a rather unusual death sentence for Paytm Payments Bank. It barred the bank from undertaking any banking activities whatsoever — no deposits, no credit transactions, no wallet top ups, no bill payments, nothing — after February 29.
Paytm CEO Vijay Shekhar Sharma meets RBI amid crisis: Report ...
WEBPaytm's chief executive officer Vijay Shekhar Sharma and officials met the Reserve Bank of India (RBI) to discuss a roadmap to address regulatory concerns, news agency Reuters reported quoting...
Paytm still karo? How a startup star became a cautionary tale
WEBRBI aimed to redirect funds from Paytm Bank's deposit accounts back to those who had initially deposited their money with Vijay Shekhar Sharma's bank. The potential decline of Paytm...
Explained: Why RBI Has Put Restrictions On Paytm Payments Bank - NDTV.com
WEBFeb 1, 2024 · The Reserve Bank of India (RBI) on Wednesday ordered Paytm Payments Bank to stop accepting fresh deposits in its accounts or popular wallets after February 29, 2024.
‘Paytm Karo’ Vijay Shekhar Sharma Responds To RBI Order, …
WEBFeb 2, 2024 · The RBI's action comes in response to persistent non-compliance issues flagged by an external audit. This move has triggered a significant decline in Paytm's shares, with the stock...
RBI action against Paytm: probable causes, effects, and what …
WEBJan 31, 2024 · The Reserve Bank of India (RBI) on Wednesday (January 31) barred Paytm Payments Bank from offering all its core services — including accounts and wallets — from March, effectively crippling the company’s business.
The call for 'RegulateKaro' amid Paytm crisis in the fintech space
WEBFeb 7, 2024 · Recently, RBI has imposed major business restrictions on Paytm Payments Bank from March 1, 2024 which means that PPBL cannot undertake any banking activity, including acceptance of deposits, credit transactions, wallet top-ups (not even form FASTags) and bill payments.