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.
The Reserve Bank of India on Wednesday directed Paytm Payments Bank Ltd not to accept deposits or allow credit transactions, or top-ups, in customer accounts or prepaid instruments connected to those accounts after February 29.
SoftBank offloads 2% stake in Paytm for Rs 980 cr
Mumbai: Japanese investor SoftBank divested a 2% stake in One 97 Communications, the parent company of fintech firm Paytm.
Paytm Q3FY24: Consolidated revenue soars 38% YoY to Rs 2850 cr; losses narrow down to Rs 222 cr
Mumbai: One97 Communications, the parent company of fintech firm Paytm, reported consolidated revenue of Rs 2850 crore in the quarter ending December 2023, up 38% increase compared to Rs 2062 crore in the corresponding quarter of the previous year.
Paytm fires 1,000 employees days after announcing to hire 50,000 people
Mumbai/IBNS: India's multinational fintech company Paytm has fired 1,000 employees days after announcing the hiring of 50,000 people, media reports said.
Paytm reports 32% jump in revenue to Rs 2,519 cr in Q2FY24, loss narrows to Rs 292 cr
Mumbai: One97 Communications, the parent company of Paytm, posted a consolidated revenue of Rs 2,519 crore for the second quarter ending September 2023, indicating a 32 percent increase compared to Rs 1,914 crore in the previous year, media reported.
Paytm won't need funding in the near future: CEO Madhur Deora
Mumbai: Fintech company Paytm has said that it will not need funding in the near future as the firm has a cash balance of Rs 8,300 crore and it is confident of becoming sustainable due to the free cash flow, media reports said.
Startup ecosystem creation: Paytm inks MoU with Arunachal Pradesh
Paytm Payment Services Limited recently signed an MoU with Arunachal Pradesh Innovation and Investment Park (APIIP) to initiate a startup ecosystem for the youth of the northeastern state.
Paytm boosts merchant payments leadership with 75 lakh devices deployed in Apr-May
India’s leading payments and financial services company Paytm on Monday announced its business operating performance for the two months ended May 2023.
Paytm promotes Bhavesh Gupta as president and COO
Mumbai: In a move to bolster its lending operations amidst growing competition in the digital lending sector, Paytm has promoted Bhavesh Gupta, a key executive in its lending division, to the position of President and Chief Operating Officer (COO).
SoftBank offloads 2% stake in Paytm parent One97 Communications
Multinational investment firm SoftBank Thursday communicated to the bourses that it has offloaded a little more than 2 percent stake in One97 Communications Limited, the parent company of Paytm, in compliance with the SEBI regulations, Moneycontrol reports said.
Paytm Payments Bank announces next gen features like UPI Lite
Kolkata: Paytm Payments Bank has announced a slew of new launches for Paytm UPI.
Paytm UPI LITE active on these 10 banks
India’s homegrown Paytm Payments Bank has enabled real-time lightning-fast UPI payments in one-tap via Paytm UPI LITE.