Global brokerages such as Citi, UBS, and Ventura Securities noted in their research reports that the approval removes regulatory overhangs and positions the company for a strong recovery as it enters its next phase. Further, these firms added that the development puts the company back on its
In response to the SEBI Administrative Warning, India's leading payments and financial services distribution platform, Paytm, said that it has consistently adhered to all listing regulations from time to time, including any amendments and updates to these regulations over time.
According to Paytm's frequently asked questions (FAQ), while this directive may raise concerns among account holders, it's essential to clarify the implications and reassure customers about the safety of their funds.
FIU-IND initiated a review of Paytm Payments Bank Ltd. on receipt of specific information from law enforcement agencies in respect of a few entities and their network of businesses engaged in a number of illegal acts, including organising and facilitating online gambling.
One 97 Communications Ltd (Paytm) has informed that the Company and its associate entity, Paytm Payments Bank Limited (PPBL), have introduced additional measures to strengthen their approach towards independent operations of PPBL.
One 97 Communications Ltd (OCL), which operates popular fintech brand Paytm, on Monday said that its associate bank Paytm Payments Bank Limited, has reconstituted its Board of Directors.
The Reserve Bank of India on Friday gave a 15-day relaxation to Paytm payments bank on accepting deposits. The last date will now be March 15 from the earlier date of February 29.
"Keeping in view the interest of customers (including merchants) of PPBL who may require a little more time to make alternative arrangements and the larger public interest, the following Directions are issued by the Reserve Bank of India under section 35A of the Banking Regulation Act, 19
The RBI which has received several queries and clarifications on the issue of Paytm Payments Banks reiterated that it will issue a list of FAQs soon on this issue.
Reserve Bank of India Governor Shaktikanta Das said on Thursday that all its actions, including certain restrictions it imposed on Paytm's associate bank, are in the best interest of the public.
Paytm founder, Vijay Shekhar met with Union Finance Minister Nirmala Sitharaman on Tuesday and discussed the ongoing issue of the company, sources said.
In a filing with the BSE and the NSE, One97 Communications, which operates the fintech company Paytm informed stock exchanges on Tuesday that a news item that Paytm's wallet business was up for sale and is in talks with a particular Indian conglomerate is "speculative, baseless and factually