Curated By: Saurabh Verma Last Updated: February 26, 2024, 21:16 IST Paytm founder Vijay Shekhar Sharma (File photo) The bank has reconstituted its Board of Directors with the appointment of Ex-Central Bank of India Chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former Executive Director of Bank of Baroda Ashok Kumar Garg, and Retd. IAS … Read more
Paytm, on February 9, announced setting up of a group advisory committee to advise the company on strengthening compliance and on regulatory matters. | Photo Credit: The Hindu Shares of Paytm owner One97 Communications jumped 5% in the morning trade on February 26 after Reserve Bank of India (RBI) asked retail payment settlement body NPCI … Read more
According to sources, as there is no PMLA scheduled offences involved in the case of PPBL, money laundering investigation cannot be done. File. | Photo Credit: Reuters The Enforcement Directorate (ED) has not found any violation under the Foreign Exchange Management Act (FEMA) during the inquiry of Paytm Payments Bank Limited (PPBL) transactions. The Reserve … Read more
Paytm Crisis: RBI Extends Deadlines on Certain Business Restrictions Till March 15. (Representative image) The deadlines on certain business restrictions regarding Paytm Payments Bank Ltd have been extended on services like top-ups and fund transfers, while the remaining PPBL services will be shut on February 29 only The Reserve Bank of India (RBI) on Friday … Read more
RBI has barred Paytm Payments Bank Limited from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024. | Photo Credit: The Hindu “Digital payments and services app Paytm is working and will continue to work as usual even after February 29,” its CEO Vijay Shekhar … Read more
