Paytm Payments Bank MD & CEO Surinder Chawla resigns due to 'personal reasons'
New Delhi: In a fresh development, Paytm Payments Bank’s Managing Director and CEO, Surinder Chawla, has stepped down due to personal reasons, its parent company One97 Communications Limited said in a filing with the stock exchanges.
Paytm Payments Bank fined Rs 5.49 cr for flouting money laundering regulations
Mumbai: The Financial Intelligence Unit - India (FIU-IND) has imposed a substantial penalty of Rs 5,49,00,000 on Paytm Payments Bank Ltd for purported violations of anti-money laundering regulations under the Prevention of Money Laundering Act (PMLA).
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.
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.
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.
RBI allows small finance banks and payments banks to conduct govt business
Mumbai/IBNS: Reserve Bank of India (RBI) has allowed scheduled payments banks and small finance banks (SFBs) to conduct government business.
NPCI report shows Paytm Payments Bank leads India's beneficiary banks according to March data
Kolkata/IBNS: According to the latest report by the National Payments Corporation of India (NPCI), Paytm Payments Bank Ltd (PPBL) has emerged as the largest beneficiary bank ahead of all major banks in the country.