Page 20 - Paytm

Best of BS Opinion: Global threats, federalism for development & more

Here is the best of Business Standard's opinion pieces for today

Fire in the dream factory

Boards at startups need to be made more accountable

Jefferies suspends Paytm coverage amid uncertainty; shares jump 5%

Shares of Paytm gain for the second straight session

Rules apply to firms of all sizes: MoS IT on RBI move on Paytm PB

Says have received two proposals for semiconductor fab units, entailing $22 bn investment

Nifty hits fresh high, Sensex ends 282 pts higher; consumer durables rally

Stock market highlights on February 19, 2024: Nifty index leaps to a new lifetime high of 22,187 after crossing previous high of February 2, 2024

ED has not yet found forex breaches at Paytm Payments Bank: Report

Last week, India's Enforcement Directorate announced the investigation into overseas transactions by Paytm Payments Bank, a unit of One 97 Communications, popularly known as Paytm

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

Stocks to Watch today: Airtel, Paytm, LIC, Bajaj Auto, Adani Group, HDFC Bk

Stocks to watch on Monday, February 19, 2024: Shares of Adani group are likely to be in focus as the group is said to be in advanced talks to raise up to $2.6 billion from sovereign funds.

Paytm shifts nodal account to Axis Bank for seamless transactions

Paytm QR, soundbox, card machine will continue to work as always, said One97 Communications

Paytm shifts nodal account to Axis Bank from Paytm Payments Bank

Fintech firm One97 Communications -- owner of the brand Paytm -- has shifted its nodal account to Axis Bank from Paytm Payments Bank. The move will allow continuity of Paytm QR, Soundbox, card machine after the March 15 set by the Reserve Bank of India, as per a regulatory filing. The RBI has advised customers and merchants of Paytm Payments Bank Ltd (PPBL) to shift their accounts to other banks by March 15, giving 15 more days to the beleaguered entity to close most of its operations, including deposit and credit transactions. "The company has also shifted its nodal account to Axis Bank (by opening an escrow account) to continue seamless merchant settlements as before. "This arrangement is expected to seamlessly replace the nodal account that OCL was using with Paytm Payments Bank. Paytm Payment Services Ltd (PPSL), OCL's wholly owned subsidiary has already been using the Axis Bank services, since its inception," Paytm said in a filing. The nodal account of Paytm is like a master

RBI extends Paytm Payments Bank restriction deadline to March 15

The earlier deadline was Feb 29

Paytm hits 5% upper limit after registering new low; stock down 58% in Feb

Till 01:42 pm; a combined 20.95 million shares changed hands and there were pending buy orders for a combined 1.34 million shares on the NSE and BSE.

ED questions Paytm officials, gets documents following RBI's decision

The Enforcement Directorate has questioned senior Paytm executives and taken submission of documents from them following the recent RBI action of barring Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account, official sources said Thursday. The central agency, according to the sources, is conducting preliminary examination of documents before it decides to launch a formal investigation into the RBI-flagged alleged irregularities at the fintech company under the Foreign Exchange Management Act (FEMA). Some documents have been recently submitted by Paytm executives following which they were asked certain questions. Some more information has been sought, the sources said. As of now, no irregularities have been detected and a case under FEMA will only be registered once any contravention under the said law is found, they added. An investigation under the Prevention of Money Laundering Act (PMLA) involving Paytm is already going on for some time, they ...

Stocks to Watch today: RIL, Paytm, Vedanta, Coal India, Glenmark, NMDC

Stocks to watch on Thursday, February 15, 2024: In news today - Reliance eyes stake in Tata Play, Vedanta parent mulls stake sale to GQG Partners and ED launches probe in Paytm.

ED starts preliminary probe into Paytm Payments Bank after RBI's decision

That comes two weeks after the country's central bank ordered Paytm's banking affiliate to wind down

Best of BS Opinion: China's geo-economic pivot, Reprieve in Qatar & more

Here is the best of Business Standard's opinion pieces for today

Paytm's tentative timeline to restart loan sanctioning ends on Feb 14

The tentative timeline shared by fintech firm Paytm to resolve operational challenges coming in the way of its lending business and restart sanctioning of new loans is ending on February 14. One97 Communications President and Chief Operating Officer Bhavesh Gupta in a company conference call on February 1 had said that the company will not be issuing new loans for "maybe a couple of weeks" before resolving operational challenges posed due to RBI restriction Paytm Payments Bank Limited (PPBL). The central bank, on January 31, directed it to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments after February 29. While the lending business of Paytm is not linked with PPBL, there are around 10-15 per cent of Paytm merchants, which are around 60,000-70,000 merchants, who are estimated to have autopay mandate set up through their PPBL account. Paytm needs to migrate repayments linked to PPBL to other banks to avoid disruption in repayments.

Paytm hiring for various positions across products, business divisions

Paytm, whose payments bank venture is facing regulatory action, is hiring for various positions across product and business divisions, according to a blog. The blog posted on Paytm's website said recruitment partners are continuing to see high interest from top talents in the country to join the company. Page Group, a recruitment partner of Paytm, said the company is currently hiring for product and business positions. "We have been recruiting high calibre and premium talent for the Paytm business for a while now, and expect the trend to continue. We are actively seeking individuals for product and business positions at Paytm, and there continues to be strong interest from quality candidates for these roles," PageGroup MD Ankit Agarwala said in the blog. The company is going through a crisis situation due to restrictions imposed by the Reserve Bank of India on its associate entity Paytm Payments Bank Limited (PPBL), which houses wallet and UPI services that are provided through the

Paytm hits new low, falls 10% after Macquarie slashes target to Rs 275

Macquarie sharply cut the target price to Rs 275 from Rs 650, driven by a reduction in revenues across various segments