Paytm said Thursday that it will cease work with its associate Paytm Payments Bank and accelerate plans to partner with other banks, after India's central bank barred Paytm Payments Bank from ...
India's central bank said Thursday it takes supervisory actions and imposes business restrictions only after "persistent non-compliance" with rules, its first comment after a clampdown on Paytm last ...
India’s central bank has extended the deadline for some business restrictions on Paytm’s Payments Bank to March 15 in “larger public interest,” dashing hopes of any major concessions but allowing ...
BENGALURU/MUMBAI (Reuters) -Indian digital payments firm Paytm lost a fifth of its market value on Thursday after the central bank ordered its payment bank to halt its business, threatening the ...
BENGALURU, Feb 2 (Reuters) - Paytm Payments Bank's digital wallet business may not be able to operate after Feb. 29 unless India's central bank approves a transfer of its licence to parent group One ...
The Reserve Bank of India (RBI) is discussing more penalties on Paytm Payments Bank and may reach a decision within days, two sources familiar with the matter told TechCrunch, as troubles mount for ...
Paytm’s founder expects his bank to get a fresh lease on life from Indian regulators, after he distanced that company from ...
On November 18, 2021, Vijay Shekhar Sharma took to the stage at the Bombay Stock Exchange, wiping away tears as he addressed the crowd. His company, One97 Communications, had just completed India’s ...
Paytm’s stock fell for a third straight day as India’s central bank considers scrapping the license of Paytm Payments Bank Ltd., adding to the mounting troubles at the once-celebrated fintech startup.
Shares of digital-payments provider Paytm plunged 20% after Indian regulators ordered it to halt a bulk of its business, dealing a severe blow to a high-profile tech pioneer that grappled for years ...
BENGALURU, Jan 31 (Reuters) - The Reserve Bank of India (RBI) has ordered Paytm Payments Bank, an associate of One 97 Communications (PAYT.NS), opens new tab, to stop accepting fresh deposits in its ...
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