May 25, 2024 22:42 (IST)
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Paytm and PPBL agree to discontinue various inter-company agreement

Within days of reconstituting the Board of Directors, One 97 Communications Ltd (Paytm) on Friday said that the Company and its associate entity, Paytm Payments Bank Limited (PPBL), have introduced additional measures to strengthen their approach towards independent operations of PPBL.

Vijay Shekhar Sharma steps down from Paytm payments bank board amid crisis

Paytm Monday informed that Vijay Shekhar Sharma would step down as non-executive chairman and board member of its payments bank's unit.

HDFC Bank and Yes Bank file third-party application provider request for Paytm UPI business

Mumbai: One97 Communications, the operator of the Paytm brand, along with private sector banks HDFC Bank and Yes Bank jointly submitted an application to become a third-party application provider (TPAP) for the Unified Payments Interface (UPI) mobile payments platform under the National Payments Corporation of India (NPCI).

Mukesh Ambani's Jio Financial Services enters 2-trillion market cap club

Mumbai: Jio Financial Services, led by Mukesh Ambani, has joined the Rs 2-trillion market cap club, with its shares rising by 10.2% to reach Rs 334 on Friday, media reported.

Paytm installations plunge after RBI restrictions

Mumbai: The daily installations of the Paytm app have fallen drastically following regulatory restrictions placed on Paytm Payments Bank (PPBL) by the Reserve Bank of India, media reported.

Finance Minister Nirmala Sitharaman to meet fintech companies amid Paytm fiasco

New Delhi: Finance Minister Nirmala Sitharaman has decided to hold a meeting with heads of financial technology companies next week to urge them to adhere strictly to regulatory guidelines, media reports said.

RBI releases 30 FAQs for Paytm Payments Bank account holders: Read the full text

The Reserve Bank of India (RBI) released a set of frequently asked questions (FAQs) on February 16 specifically addressing bank account holders of Paytm Payments Bank. Below is the complete text of the FAQs:

Paytm transfers nodal account to Paytm Payments Bank to Axis Bank

Mumbai: One97 Communications, the parent company of Paytm, has transferred its nodal account from Paytm Payments Bank to Axis Bank.

No relief for Paytm Payments Bank; RBI only extends deadline for imposing curbs

Mumbai: The Reserve Bank of India (RBI) on Friday extended the deadline for Paytm Payments Bank Ltd (PPBL) to cease accepting new deposits and conducting credit transactions.

Paytm restrictions imposed after thorough consideration, no roll back: RBI Governor

Mumbai: The RBI restrictions on Paytm have been imposed after thorough consideration as is the case in all the decisions made by the Central bank, RBI Governor Shaktikanta Das has said, reported media.

ED starts investigation into Paytm Payments Bank after RBI's restrictions on business: Report

Mumbai: The Enforcement Directorate (ED) began its investigation into Paytm Payments Bank on Wednesday, CNBC-TV18 reported citing sources.

Hit by RBI restrictions, Paytm to set up advisory committee headed by ex-SEBI Chairman M Damodaran

Mumbai: One97 Communications, the fintech company that owns the Paytm brand, revealed on Friday that it would set up an advisory committee led by former SEBI Chairman M Damodaran, media reported.

RBI action on Paytm Payment Bank in interest of consumers and Indian Economy: Financial Services Secretary

Mumbai: The recent measures enacted by the Reserve Bank of India (RBI) concerning Paytm Payments Bank serve the interest of consumers and the broader Indian economy, according to Financial Services Secretary Vivek Joshi.

Amid crisis after RBI restrictions, Paytm founder meets Nirmala Sitharaman

New Delhi: Paytm founder and CEO Vijay Shekhar Sharma on Tuesday met Finance Minister Nirmala Sitharaman amid the crisis in the company's banking arm, following Reserve Bank of India’s (RBI), media reports said, citing sources.

Reasons for RBI's crackdown on Paytm Payments Bank: Report

Mumbai: The Reserve Bank of India (RBI) started a major crackdown on Paytm Payments Bank, citing complete neglect by the company for regulatory standards and compliance requirements, media reports said.