Last Updated: May 04, 2024, 22:07 IST Bhavesh Gupta joined Paytm in August 2020. Gupta was steering the lending business, online and offline payments, and compliances, among others, at Paytm Paytm’s parent company One97 Communications president and chief operating officer Bhavesh Gupta has resigned from the company, an official statement said on Saturday. Gupta was … Read more
Surinder Chawla has stepped down as the MD and CEO of Paytm Payments Bank, with effect from June 26, according to a company statement. Chawla had joined PPBL on January 9 last year. “The company would like to update that it has been informed by its associate entity, Paytm Payments Bank Limited (PPBL) on April … Read more
Last Updated: March 22, 2024, 14:03 IST There has been a decline in Paytm’s UPI transaction volume in February, following the RBI action. Paytm recently received the National Payments Council of India (NPCI) approval to function as a third-party app Shares of One 97 Communications, the parent company of fintech platform Paytm, traded above Rs … Read more
Stocks To Watch on March 15: Following Wednesday’s sell-off, the bulls staged a strong comeback on Thursday, particularly noticeable in the broader markets, which had been under significant pressure in recent sessions. In today’s trade, shares of Paytm, Vedanta, IIFL Finance, RIL, and Blue Star will be in focus. RIL: Reliance Industries has agreed to … Read more
Mumbai: Ensuring continuity in payment operations by Paytm users, the National Payments Corporation of India (NPCI) on Thursday allowed the company to continue UPI transactions through four banks — SBI, Axis Bank, HDFC Bank, and YES Bank. The decision comes a day before Reserve Bank’s March 15 deadline barring Paytm Payments Bank Ltd (PPBL) from … Read more
New Delhi: The Financial Intelligence Unit-India (FIU-IND) has imposed a penalty of Rs 5.49 crore on Paytm Payments Bank Ltd for violations of money laundering prevention rules, the Union Finance Ministry said on Friday. “FIU-IND initiated a review of the Paytm Payments Bank Ltd on receipt of specific information from law enforcement agencies in respect … 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
Last Updated: February 19, 2024, 09:32 IST Sensex Today : Equity benchmark indices opened with slim gains on Monday tracking mixed cues from global markets following a more-than-expected rise in US producer prices on Friday. The BSE Sensex rose 52 points to 72,478 and the NSE Nifty50 gained 43 points to 22,083. NTPC, SBI, Power … Read more
New Delhi: The Reserve Bank’s regulatory action on Paytm Payments Bank has drawn the attention of fintech firms to the importance of complying with laws, Union Minister Rajeev Chandrasekhar has said. The minister stressed that regulatory compliance cannot be “optional” for companies, rather it is an aspect every entrepreneur must pay full attention to. In … Read more
RBI FAQ Paytm Payments Bank: The RBI on Friday advised customers as well as merchants of Paytm Payments Bank Ltd (PPBL) to shift their accounts to other banks by March 15, giving 15 more days to the beleaguered entity to close most of its operations, including deposit and credit transactions. The earlier deadline was February … Read more
