Paytm Payments Bank - HIND TIMES

Paytm Payments Bank CEO Surinder Chawla Resigns

Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday.Chawla's resignation comes amidst Paytm Payments Bank facing prohibitory action…

Xavier April 9, 2024

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Paytm Payments Bank Hit With Penalty of Over Rs. 5 Crore by FIU

India's Financial Intelligence Unit (FIU) on Friday imposed a penalty of Rs. 5,49,00,000 ($662,565) on Paytm's banking arm, Paytm Payments Bank, for violations in reporting illegal money routed through its…

Xavier March 2, 2024

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Paytm Terminates Some Ties With Troubled Payments Bank Unit

Payments firm Paytm on Friday cut some ties with its payments bank unit, which India's banking regulator has ordered to be wound down, in its latest attempt to address compliance…

Xavier March 1, 2024

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Yet to delve deep to identify issue with firm: Paytm’s advisory panel chief

An advisory committee, set up by Paytm owner One97 Communications after the Reserve Bank's action on its payments bank business, is yet to have a deeper engagement with the…

Xavier February 25, 2024

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@Paytm UPI handles to be smoothly migrated from Paytm Payments Bank: RBI

The Reserve Bank of India (RBI) on Friday said Paytm’s Unified Payments Interface (UPI) handle, @paytm, would be smoothly migrated from Paytm Payments Bank to a set of newly…

Xavier February 23, 2024

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RBI Moves to Keep UPI Transactions Working on Paytm

The Reserve Bank of India said on Friday it has asked the National Payments Corporation of India (NPCI) to examine a request from Paytm, formally known as One 97 Communications,…

Xavier February 23, 2024

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Paytm Crackdown Signals More RBI Scrutiny on India Banks

For Indian regulators seeking to crack down on potential fraud in the financial sector, Paytm may just be the beginning.India stunned investors last month by abruptly suspending most activities of…

Xavier February 21, 2024

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ED Said to Have Not Yet Found Forex Breaches at Paytm Payments Bank

An investigation into possible foreign exchange violations at Paytm Payments bank by India's financial crime fighting agency has not yet found any breaches, a government source directly aware of the…

Xavier February 19, 2024

Automobile

NHAI removes PayTm from list of banks authorised to issue FASTags

By: HT Auto Desk | Updated on: 16 Feb 2024, 13:07 PM The move comes after RBI directed to stop deposits or top-ups in any customer accounts, wallets, FASTags managed…

Xavier February 16, 2024

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ED questions Paytm officials, gets documents following RBI’s decision

The Enforcement Directorate has questioned senior Paytm executives and taken submission of documents from them following the recent RBI action of barring Paytm Payments Bank Ltd from accepting deposits…

Xavier February 15, 2024

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Govt nod for OCL investment in Paytm Payment Services awaited, says Paytm | Company News – Business Standard

The regulator asked PPSL to continue operations with the condition that no new merchants should be onboard Fintech firm One97 Communications Ltd (OCL) on Monday said it has not received…

Xavier February 12, 2024

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EPFO to Halt Claims Made via Paytm Payments Bank Following RBI Action

India's state-run social security fund will halt claims made via Paytm Payments Bank accounts from Feb. 23, as the country's central bank imposed restrictions on the payments bank due to…

Xavier February 9, 2024

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42% of Indian kirana stores have already shifted away from Paytm: Report

Since the Reserve Bank of India (RBI) announced restrictions on the Paytm Payments Bank on January 31, 42 per cent of kirana stores in India have already started using other…

Xavier February 8, 2024

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Reserve Bank’s decision to freeze Paytm shows faulty understanding

By Andy Mukherjee When the Indian monetary authority began giving out restricted banking licenses to a new category of payment facilitators about eight years ago, it should have…

Xavier February 6, 2024

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Fintech major Paytm denies reports on violation of foreign exchange rules

One97 Communications Ltd (OCL), the parent company of fintech major Paytm, denied reports about investigation or violation of foreign exchange rules by the company or its associate Paytm Payments…

Xavier February 5, 2024

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Jio Financial Services, HDFC Bank frontrunners to buy Paytm’s wallets biz

Paytm is in exploratory talks to sell its wallets business. HDFC Bank and Jio Financial Services (JFSL) are among the forerunners to acquire it, Hindu Businessline (BL) reported on Monday,…

Xavier February 5, 2024

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Paytm denies any Enforcement Directorate probe into money laundering

Vijay Shekhar Sharma, Founder, Chairman & CEO - One97 Communications (Paytm) One97 Communications Ltd (OCL), the parent firm of fintech major Paytm, has denied reports about any investigation by…

Xavier February 4, 2024

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No ED investigation against company or CEO for money laundering: Paytm

Vijay Shekhar Sharma, Founder, Chairman & CEO - One97 Communications (Paytm) The Enforcement Directorate is neither investigating One97 Communications, owner of Paytm brand, nor its Founder and CEO Vijay Shekhar…

Xavier February 4, 2024

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RBI likely to consider canceling Paytm Payments Bank permit: Report

By Anup Roy and Sankalp Phartiyal India’s banking regulator is considering canceling the operating license of Paytm Payments Bank as early as next month once depositors are safeguarded,…

Xavier February 2, 2024

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Paytm wallet business at risk as licence transfer uncertain: Report

Paytm Payments Bank's popular wallet business will not be able to operate after a Feb. 29 deadline imposed by the Reserve Bank of India to wind down…

Xavier February 2, 2024

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RBI Restricts Paytm Payments Bank From Fresh Deposits, Credit Transactions

The Reserve Bank of India on Wednesday restricted Paytm Payments Bank Ltd from taking fresh deposits and credit transactions across its services, due to non-compliance of regulations and supervisory concerns.An…

Xavier January 31, 2024