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Paytm Payments Bank News

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RBI takes Major Action, cancels License of Paytm Payments Bank

The Reserve Bank of India has taken strict action against Paytm. The Reserve Bank has revoked the banking license of Paytm Payments Bank. ...
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Paytm affirms adherence to regulations following SEBI's administrative warning

In response to SEBI's warning, Paytm said in its stock exchange filing that it is dedicated to maintaining and proving the highest compliance standards and will provide a thorough response....
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Good news for Paytm users, NPCI approval paves way for Paytm's UPI user transfer to new banks

Paytm has initiated the migration of its UPI users to new bank handles following the Reserve Bank of India's ban on Paytm Payments Bank starting March 15. ...
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Paytm denies 50% layoff reports post RBI's Payments Bank action

Paytm has stated that it is presently conducting its annual appraisal process, a standard practice across organizations, which does not signify any layoffs....
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Paytm Payments Bank fined Rs 5.49 crore for violating money laundering rules

The decision follows ongoing scrutiny of PPBL by the Reserve Bank of India (RBI) due to persistent non-compliance and significant supervisory concerns....
Paytm Payment Bank

Paytm ends all inter-company deals with its payments bank after RBI's crackdown

Paytm has announced it is terminating all inter-company agreements with its payments bank, Paytm Payments Bank, in order to reduce dependencies betwee...
Paytm Payment Bank

What are RBI's new restrictions for Paytm Payment's Bank? All you need to know about its aftermath

The latest directive from the RBI prohibits Paytm Payments Bank from accepting new deposits, credit transactions, or top-ups until March 15, 2024....
RBI prohibited Paytm Payments Bank on January 31. since the RBI had discovered a lot of anomalies.

RBI Decision on Paytm Payments Bank: Implications for Customers and Company

With the interests of Paytm Payments Bank clients in mind, the Reserve Bank of India made a significant judgement. Paytm and Paytm Payments Bank UPI u...
Paytm

Setback to Vijay Shekhar Sharma as ED to probe Paytm Payments Bank irregularities

Paytm has been facing setback since Reserve Bank of India took regulatory action against it on January 31....
Paytm

Paytm Payments Bank Director Manju Agarwal resigns, causing even another shock

Another shock for Paytm as Director Manju Agarwal resigns amid clampdown...
Paytm

Crisis-hit Paytm set to operate as third-party app for UPI: Reports

Paytm plans to work with three or more banks to begin offering new VPAs to its users as early as next month....
Paytm Payment Bank

Paytm appoints advisory panel led by former SEBI chief, here's why

M. Damodaran, the former chairman of SEBI, will lead the committee, which will provide strategic counsel to ensure compliance with regulatory standard...
Vijay Shekhar Sharma

Why did Paytm CEO met FM Nirmala Sitharaman amid crisis?

Paytm CEO Vijay Shekhar Sharma assured that the company is looking for all the options to ensure that stakeholders are protected from unwarranted and ...
Mukesh Ambani

Jio financial denies reports of acquiring Paytm's Wallet Business

A spokesperson for Jio Financial emphasized that the company has consistently abided by and will continue to adhere to all disclosure requirements man...
Morgan Stanley

Morgan Stanley acquires Paytm stake worth Rs 244 crore

The purchase by Morgan Stanley has come amid a decline in One 97 Communications' stock price, which had fallen by 20% for the two consecutive days aft...

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