Paytm receives third-party application provider licence from NPCI
Axis Bank, HDFC Bank, State Bank of India and YES Bank will act as payment system provider (PSP) banks to Paytm parent One97 Communications
Axis Bank, HDFC Bank, State Bank of India and YES Bank will act as payment system provider (PSP) banks to Paytm parent One97 Communications
RBI has extended the deadline for Paytm Payments Bank customers, including merchants, after their suggestions
No funding or top ups will be allowed in the FASTags issued by Paytm Payments Bank after March 15, 2024.
RBI says it has decided to extend the deadline keeping in view the interest of customers (including merchants) of Paytm Bank
Business restrictions are imposed only when constructive engagement doesn't work, RBI governor says on the regulator's action on Paytm Payments Bank.
Despite being a part-time chairman, Vijay Shekhar Sharma had more control over the bank than its board led by MD & CEO Surinder Chawla.
The fintech stock has declined 42% in the last three sessions, taking the Noida-based company's market capitalisation under ₹30,000 crore.
Responding to the RBI action, the Vijay Shankar-led company says that PPBL will take immediate steps to comply with the central bank’s directions.
Foreign brokerage believes path to profitability is not clear since company lacks leadership in most segments.