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Paytm News

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Bhavesh Gupta, COO of Paytm, announces resignation; Company's top management sees shifts

In his letter, Bhavesh Gupta stated that his resignation would take effect at the close of business on May 31st. ...
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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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State Bank of India reportedly teams up with Paytm for its UPI operations

The Reserve Bank of India (RBI) imposed operational constraints on the payments bank, prohibiting its continued operation beyond March 15. ...
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RBI Governor: 85% of Paytm wallet users spared disruption; Others urged to link Wallet to Alternate Banks

Paytm Payments Bank was prohibited by the Reserve Bank of India on January 31 from taking deposits, credit transactions, or top-ups in any of its client accounts....
Vijay Shekhar Sharma

Paytm CEO Vijay Shekhar Sharma's initial response to RBI move: 'Valuable lessons acquired...'

Not withstanding the obstacles, Vijay expressed gratitude for the work regulators are doing to foster a supportive atmosphere for entrepreneurs....
Paytm Payments Bank fined Rs 5.49 crore for violating money laundering rules

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....
Paytm employee suicide in Indore

Tragic! Paytm employee dies by suicide fearing job loss

The RBI imposed major business restrictions on PPBL, including a bar on accepting fresh deposits and doing credit transactions after March 15....
Vijay Shekhar Sharma

Paytm revamps leadership as founder Vijay Shekhar Sharma departs from Payments Bank Board

One97 Communications Ltd., the parent company of Paytm, withdrew its nomination of Sharma, who served as the bank's part-time non-executive chairman a...
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

Paytm partners with Axis Bank, says QR, Soundbox will continue to work like always

RBI has relaxed the deadline by 15 days more before curbs kick in for Paytm...
Fastag

Another setback for Paytm, IHMCL removes PPBL from list authorized to issue FASTag

The 32 authorized banks include Airtel Payments Bank, Allahabad Bank, Bank of Baroda, HDFC Bank, ICICI Bank, IDBI Bank, Punjab National Bank, State Ba...
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....

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