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Friday, March 29, 2024
TopicPaytm

Topic: Paytm

Paytm shares rise by 5% as NPCI allows digital payments through third-party apps

The license, granted by the country's payments authority, came as Paytm Payments Bank will cease to operate on 15 March, following regulatory action due to non-compliance with certain norms.

Paytm & its payments bank discontinue inter-company agreements to reduce dependencies

Paytm didn't say what agreements were being terminated. Payments bank agreed to simplify shareholders’ agreement to 'support Paytm Payments Bank‘s governance, independent of shareholders'.

Byju’s, Paytm Payments Bank crises are a wake-up call. But govt intervention isn’t the answer

If venture capital-backed funds lose money because of their inability to check for misappropriation of funds by a founder, should the government care?

Vijay Shekhar Sharma steps down as Paytm Bank chairman, board reconstituted

PPBL has reconstituted its Board of Directors with the appointment of Ex-Central Bank of India Chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi among others.

Paytm Payments Bank customers to be able to withdraw money till March 15

Customers will not be able to deposit money into their account with Paytm Payments Bank. The bank will also not accept any credits or deposits other than interest, cashbacks, sweep-in from partner banks, or refunds after March 15, 2024.

RBI-Paytm episode shows India is choking innovation in fintech. Bank-driven model must go

We need to move away from the current one-size-fits-all framework to a risk-based approach. Until then, every fintech will be saddled by some regulation it is potentially violating.

Paytm hits new record lows. Macquarie says meeting deadline to shift customers would be ‘arduous’

Paytm has lost nearly 50% of its market value, resulting in roughly $3 billion of its shareholder wealth. It hit a record low of Rs 380.10 earlier in the day.

Paytm nears record low, market value down about $2.5 billion since RBI crackdown

Paytm has lost about 43% of its market value since the RBI told Paytm Payments Bank on Wednesday to stop accepting fresh deposits in its accounts or popular wallets from March.

A rags-to-riches tale: Startup rockstar, Paytm CEO Vijay Sharma, battles regulatory crisis

Sharma faces arguably his biggest crisis in a race to save his revolutionary digital payments firm that had once counted Warren Buffett as a backer.

In wake of RBI action, Paytm leadership says it will not do business with Payments Bank arm

RBI had Wednesday put curbs on Paytm Payments Bank, a banking partner of Paytm, which included prohibitions on onboarding new customers and operating its mobile wallet services.

On Camera

Sheikh Hasina battling ‘India Out’ campaign with Indian saree. But has she made it worse?

Hasina is unabashedly India’s best friend in the neighbourhood. But Delhi is hard put to match China’s deep pockets and big investments in Dhaka.

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.