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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....
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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....
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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....
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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 between the entities....
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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 users will gain if NPCI approves....
RBI

RBI Governor emphasises vigilance in banking system against risk growth, here's why

Banks were also encouraged to actively engage in RBI's fintech initiatives and bolster their Digital Banking Units (DBUs) to enhance digital banking s...
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...
Shaktikanta Das

RBI on clampdown against Paytm: ‘Persistent Non-Compliance’

The clampdown on Paytm by the RBI is expected to have significant repercussions, both for the company itself and its user base. This action raises que...
RBI Governor

RBI holds interest rates steady for sixth meeting in a row

On Thursday, the Reserve Bank of India's Monetary Policy Committee voted to maintain the key policy rate at 6.5 percent during their latest meeting....
RBI

RBI monetary policy: What to expect from feb 8 decisions

The RBI's Monetary Policy Committee has kept the key repo rate unchanged at 6.5% for the last five consecutive meetings through December 2023. ...
HDFC Bank

HDFC Bank Group receives RBI approval to acquire up to 9.5% stake in six banks

Although HDFC Bank does not have intentions to directly invest in these banks, it anticipated that the "aggregate holding" of HDFC Bank group might ex...
Paytm

Paytm assures user deposits safe after RBI restricts payments bank

Paytm clarified that the RBI's prohibition on Paytm Payments Bank Limited from accepting any further deposits or account top-ups, effective February 2...
Paytm Payment Bank

RBI imposes ban on THESE services of Paytm Payment Bank; Changes effective after February 29

Paytm Payment Bank: This decision stems from non-compliance with regulatory guidelines, prompting the RBI to take decisive steps....
97.38% of the Rs 2000 banknotes has been returned since withdrewal: RBI

97.38% of the Rs 2000 banknotes have been returned since withdrawal: RBI

The withdrawal initiative, initially announced in May 2023, aimed to address concerns surrounding black money and counterfeit currency. ...
RBI

'Bombs will explode if...' Threats rock RBI, HDFC, ICICI banks amid ‘Biggest scam in India’s history'

RBI bomb threat: The sender, claiming to have planted bombs at crucial locations in Mumbai, demanded the resignation of key figures, sparking an inten...

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