Saturday, November 2, 2024

TOPIC

PayTM

News Reports

RBI gives 15-day extension to Paytm Payments Bank, issues FAQ clarifying that Paytm QR, Soundbox and POS terminal linked to other banks will continue...

ANI -
The Reserve Bank of India on Friday gave a 15-day relaxation to Paytm payments bank on accepting deposits.
News Reports

Persistent non-compliance: RBI explains why they took action against PayTM Bank

OpIndia Staff -
Speaking about RBI’s order against Paytm Payments Bank (PPB), RBI deputy governor Swaminathan J explained that the action was taken only after giving the firm sufficient time to comply
News Reports

Trader’s body CAIT advises traders to switch from Paytm to other payment apps following RBI’s order against Paytm Payments Bank

OpIndia Staff -
"CAIT believes that if there is any evidence of fund irregularities, the Enforcement Directorate (ED) should investigate Paytm Payment Bank," the release added.
News Reports

RBI bars Paytm Payments Bank from onboarding new consumers with immediate effect, banking transactions to be stopped from 29 February

OpIndia Staff -
RBI has said that Paytm Payments Bank will not be allowed to do any deposits or credit transactions or top ups after 29th February
News Reports

NPCI says no extra burden on customers after introducing interchange fee on select UPI transactions, here is what you need to know

OpIndia Staff -
Interchange fee will only be applicable for certain specific transactions, and will be not applicable for bank-to-bank transfers and payments by customers
News Reports

Alibaba sells over half of its stake in Paytm after selling shares in BigBasket and Zomato, rumoured to be exiting India

ANI -
Alibaba sold about 3.1% in Paytm of its total equity of about 6% in a block deal, seems to be making an exit from India
News Reports

Nykaa’s Falguni Nayar is now five times richer than Paytm’s Vijay Shekhar Sharma with personal assets worth USD 4.9 billion

OpIndia Staff -
Falguni Nayar enters the Hurun Global Rich List 2022 as the richest new entrant from India with personal wealth amounting USD 4.9 Billion. India added 51 new billionaires in the list.
News Reports

RBI bars Paytm Payments Bank from onboarding new customers, orders IT audit

OpIndia Staff -
The RBI has also directed Paytm to appoint an IT audit firm to conduct a comprehensive audit of its IT systems.
OpIndia Explains

Weak listing of Paytm on stock markets: Here is what could have gone wrong

OpIndia Staff -
PayTM shares crashed as much as 26 per cent in their market debut in India’s biggest-ever Initial Public Offering(IPO)
Economy and Finance

PayTM shares crash after listing on a discount in India’s biggest ever public offering

OpIndia Staff -
Brokerage firm Macquaire Research has written a note to its clients that PayTM's business model lacks 'focus and direction' and initiated coverage with an 'underperform rating'.
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