Page 4 - Paytm Payments Bank

SoftBank Group sells another 2% stake in crisis-hit Paytm to under 3%

The Japanese conglomerate held a 17.5% stake in Paytm in September 2022. Since then, it has trimmed its ownership through multiple open market deals

Meeting with FM 'consultative' and 'positive': fintech, startup executives

The finance minister added that companies must ensure strict compliance and adherence with regulations

Paytm exhibits volatility day after Vijay Shekhar Sharma exits PPBL board

Vijay Shekhar Sharma on Monday stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited (PPBL).

BS Banking Annual 2024: Fintech has tough days ahead, say experts

Fuel for fintech growth has been an issue for some time now

Vijay Shekhar Sharma steps down from Paytm Payments Bank board amid crisis

The development comes weeks after the Reserve Bank of India (RBI) imposed severe restrictions on the payments bank's operations

Paytm up 5%: Here's why foreign brokerages remain bullish on the stock

Analysts at Goldman Sachs, Bernstein and Morgan Stanley believe that Paytm can rally up to 75 per cent in a bull case scenario

Yet to delve deep to identify issue with firm: Paytm's advisory panel chief

An advisory committee, set up by Paytm owner One97 Communications after the Reserve Bank's action on its payments bank business, is yet to have a deeper engagement with the company to identify any issue, head of the panel and former chairman of Sebi M Damodaran said on Sunday. "We are an external advisor. At this point they (Paytm) are dealing with RBI," Damodaran said in response to a question on the impact on Paytm with regard to RBI's January 31 order on Paytm Payments Banks Limited (PPBL). As per the January 31 order, the RBI asked PPBL to stop further deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, and National Common Mobility Cards, after February 29. Later, the central bank extended the deadline till March 15. Paytm on February 9 announced setting up of a group advisory committee headed by Damodaran. The committee was set up to advise the company on strengthening compliance and on regulatory matters. When asked about

RBI's action on Paytm PB puts the spotlight on a few lingering issues

Should there be a revisit of the domestic-systemically important bank (D-SIB) framework, and is there a case for this to be widened to cover more kinds of regulated entities (REs)?

@Paytm UPI handles to be smoothly migrated from Paytm Payments Bank: RBI

NPCI asked to help Paytm app continue operations

KYC compliance: Time consuming, repetitive but critical for your safety

Update your documents regularly so that you are able to fulfil KYC demands seamlessly

Paytm Payments Bank, RBI controversy: How will it impact the customers

The company, part of One97 Communications, is a leader in Indian fintech and faces challenges of regulatory scrutiny and customer uncertainity

FinMin to meet fintech startups next week amid Paytm Payments Bank row

The meetings come in the wake of the Paytm Payments Bank crisis triggered by the Reserve Bank of India ordering the banking unit of digital payments firm Paytm to wind down operations

Jefferies suspends Paytm coverage amid uncertainty; shares jump 5%

Shares of Paytm gain for the second straight session

We will add some Paytm's customers: PhonePe co-founder & CEO Sameer Nigam

Nigam was in conversation with Shradha Sharma, founder and CEO, YourStory at the Mumbai Tech Week 2024

Jefferies Financial stops coverage on Paytm until regulatory issues ease

Paytm has seen its shares lose more than half of their value since the banking regulator's surprise clampdown amid concerns over the continuity of its business model

Paytm Payments Bank crisis: How to deactivate Paytm FASTag and buy new one

In the recently released FAQs, the RBI suggested users procure a new FASTag issued by a bank other than Paytm Payments Bank before March 15

Competitors Google Pay, PhonePe and BHIM go all out for Paytm user base

Players such as Google Pay, PhonePe, and even banks like HDFC and State Bank of India (SBI) are said to be deploying several thousand 'feet on the street' or salesforce to attract merchants

Paytm app may face a permanent loss of integrated mobile wallet feature

RBI unlikely to issue new wallet licence due to previous track record: Sources

Paytm Payments Bank row drew fintechs' focus to compliance of laws: MoS IT

The Reserve Bank's regulatory action on Paytm Payments Bank has drawn the attention of fintech firms to the importance of complying with laws, Union Minister Rajeev Chandrasekhar has said. The minister stressed that regulatory compliance cannot be "optional" for companies, rather it is an aspect every entrepreneur must pay full attention to. In an interview to PTI, Chandrasekhar - the minister of state for electronics and IT - said the issue of Paytm Payments Bank is a case where a hard-charging and aggressive entrepreneur has failed to realise the need for regulatory compliance, and that no company can get away if it is non-compliant with law. Any company, be it from India or abroad, big or small, has to abide by the law of the land, the Minister asserted amid the unfolding Paytm Payments Bank Ltd (PPBL) crisis. The Reserve Bank of India (RBI) has barred PPBL from accepting new deposits from March 15, and ruled out any review of its action against the company. Chandrasekhar said

TMS Ep631: Paytm Payments Bank, electric cars, LIC stock, permacrisis

Can Paytm Payments Bank be rescued? Will price cuts make electric cars zoom? Is the rally in LIC stock nearing its end? What is a 'permacrisis'? All answers here