Paytm invalid for FASTag: These are 32 authorised banks you can use
10 months ago

Paytm invalid for FASTag: These are 32 authorised banks you can use

Hindustan Times  

Paytm FASTag: The National Highways Authority of India removed Paytm from the list of authorised banks that can issue new FASTags. Paytm FASTag: Car seen at Gurugram-Faridabad road toll plaza near Bandhwari village, in Gurugram, India. Paytm FASTags will become non-functional after the Reserve Bank of India issued an order directing Paytm Payments Bank to cease taking deposits or top-ups in any client wallets, FASTags or accounts. State Bank of India ICICI Bank Airtel Payments Bank HDFC Bank Fino Payments Bank IDBI Bank IDFC Bank Indian Bank Jammu and Kashmir Bank Induslnd bank Kotak Mahindra Bank Karnataka Bank Karur Vysya Bank Nagpur Nagarik Sahakari bank Punjab National Bank Sarswat Bank Union Bank of India YES Bank Thrissur District Cooperative Bank UCO Bank Axis Bank AU Small Finance Bank Bank of Maharashtra Canara Bank Cosmos Bank Bandhan Bank Bank of Baroda Federal Bank Equitas Small Finance Bank Indian Overseas Bank South Indian Bank City Union Bank

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History of this topic

Paytm starts migrating users to new UPI IDs: What changes for you?
8 months, 1 week ago

Paytm starts migrating users to new UPI IDs: What changes for you?

Hindustan Times  

One97 Communications Limited, Paytm's parent company, began migrating customers to partner payment service provider banks Axis Bank, HDFC Bank, SBI and Yes Bank. Until now, Paytm UPI customers were using Paytm Payments Bank Limited which was barred by the Reserve Bank of India from conducting several business operations. Paytm roped in Axis Bank, Yes Bank, SBI and HDFC Bank as …

How to recharge FASTag via Paytm app? A step-by-step guide
8 months, 3 weeks ago

How to recharge FASTag via Paytm app? A step-by-step guide

Live Mint  

Paytm has recently introduced a new feature on its app, allowing users to recharge their FASTags directly through the platform. With this new feature, Paytm users can easily recharge their FASTags through the app, eliminating the need to wait in long queues or face delays at toll plazas. In addition to FASTag recharges, Paytm users will also have the option …

Update FASTag KYC before March 31 deadline to avoid deactivation; Check steps, other details here
8 months, 3 weeks ago

Update FASTag KYC before March 31 deadline to avoid deactivation; Check steps, other details here

Live Mint  

FASTag KYC: The National Highways Authority of India has urged vehicle owners to complete their FASTag KYC process before April 1. People are advised to update their FASTag KYC details from their respective banks before the impending deadline of March 31. Failure to comply with this requirement may result in the deactivation or blacklisting of their FASTag accounts, regardless of …

Paytm FASTag: Here's how you can recharge FASTag on Paytm now in just 5 steps
8 months, 3 weeks ago

Paytm FASTag: Here's how you can recharge FASTag on Paytm now in just 5 steps

Hindustan Times  

Paytm FASTag: Paytm announced that it is enabling FASTag recharges directly through its app after the Reserve Bank of India imposed severe restrictions on Paytm Payments Bank Limited over regulatory concerns. Paytm FASTag: Car seen at Gurugram-Faridabad road toll plaza near Bandhwari village, in Gurugram, India. It said, “Paytm is committed to ensuring that its wide range of digital payment …

Paytm stock gains for 4th consecutive day: Is the worst over?
9 months ago

Paytm stock gains for 4th consecutive day: Is the worst over?

Hindustan Times  

Paytm share price: Shares of One97 Communications, Paytm's parent company, extended gains for the fourth consecutive session as the stock soared over 4% intra-day basis today hitting day high of ₹425.70 on the NSE. Analysts on Paytm stock Global brokerage firm Morgan Stanley reaffirmed its ‘Equal-Weight’ rating on the stock and maintained a price target of ₹555 per share while …

Yes Bank, Axis Bank go live on Paytm's UPI platform: What you need to do
9 months, 1 week ago

Yes Bank, Axis Bank go live on Paytm's UPI platform: What you need to do

Hindustan Times  

Paytm UPI: National Payments Corporation of India gave One97 Communications Limited- Paytm's parent company- approval to be a third-party app on UPI platform. Following this, Yes Bank and Axis Bank went live on Paytm app using which users can create new handles. Paytm UPI: RBI's deadline for Paytm Payments Bank Limited to stop all banking operations ends today. New users …

A guide on how to close Paytm Payments Bank FASTag in easy steps
9 months, 1 week ago

A guide on how to close Paytm Payments Bank FASTag in easy steps

India TV News  

As per the guidelines issued by the Reserve Bank of India regarding restrictions on Paytm Payments Bank, users of Paytm FASTag will not be able to top up or add to their balance after midnight on Friday. Those who wish to close the Paytm Payments Bank FASTag can do it via the Paytm App. If you also want to close …

Where To Buy FASTag? Check Full List Of NHAI-Authorised Issuers
9 months, 1 week ago

Where To Buy FASTag? Check Full List Of NHAI-Authorised Issuers

News 18  

After the Reserve Bank of India ordered the closure of Paytm Payments Bank owing to non-compliance and supervisory concerns, the National Highway Authority of India removed Paytm Payments Bank Ltd from its list of FASTag issuing NBFCs and banks. The NBFCs and banks listed on the revised list of FASTag issuers approved by the NHAI are Airtel Payments Bank, Allahabad …

Paytm Payments Bank removed from FASTag issuers list. These are authorised banks: Check full list here
9 months, 1 week ago

Paytm Payments Bank removed from FASTag issuers list. These are authorised banks: Check full list here

Hindustan Times  

FASTags authorised banks: The National Highway Authority of India updated list of authorized banks and non-banking financial companies which can issue FASTags. This comes after the Reserve Bank of India barred Paytm Payments Bank Ltd from certain operations including FASTags citing non-compliance and supervisory concerns. Paytm Payments Bank has been removed from the list of authorised banks for FASTags. Airtel …

Paytm Payments Bank removed from FASTag issuers list | Check full list of NHAI-authorized banks
9 months, 1 week ago

Paytm Payments Bank removed from FASTag issuers list | Check full list of NHAI-authorized banks

India TV News  

FASTags authorised banks: The National Highway Authority of India has updated the list of authorized banks and non-banking financial companies which can issue FASTags. The revised list does not include Paytm Payments Bank has been removed from the list of authorised banks for FASTags. The Reserve Bank of India has prohibited Paytm Payments Bank Ltd from conducting certain operations, including …

FASTag KYC, Paytm Payments Bank To Aadhaar Updation, 6 Money Deadlines You Can’t Miss In March
9 months, 2 weeks ago

FASTag KYC, Paytm Payments Bank To Aadhaar Updation, 6 Money Deadlines You Can’t Miss In March

News 18  

March 2024 brings a flurry of crucial financial and administrative deadlines. Notably, Paytm Payments Bank customers have until the 15th to transfer their funds to other accounts, while free Aadhaar updates cease on the 14th, incurring fees thereafter. March 15 Paytm Payments Bank deadline: Customers of Paytm Payments Bank need to transfer their assets to another bank by this date. …

Paytm cuts ties with Paytm Payments Bank, ends inter-company pacts after RBI's crackdown
9 months, 3 weeks ago

Paytm cuts ties with Paytm Payments Bank, ends inter-company pacts after RBI's crackdown

Hindustan Times  

Paytm's parent company One 97 Communications said in a company filing on Friday that the firm's board has decided to discontinue the inter-company pacts with its banking service Paytm Payments Bank to reduce dependencies. Paytm has cut company ties with Paytm Payments Bank Paytm Payments Bank Limited has remained under the lens of the Reserve Bank of India for a …

Paytm discontinues inter-company agreements with Paytm Payments Bank
9 months, 3 weeks ago

Paytm discontinues inter-company agreements with Paytm Payments Bank

Live Mint  

Fintech major Paytm on March 1 said it has mutually agreed to discontinue various inter-company agreements with its payments bank unit Paytm Payments Bank to “reduce dependencies”, Reuters reported. The goal is to enhance the governance of Paytm Payments Bank, making it more independent of its shareholders. The Paytm Payment Bank Crisis Paytm's fintech arm, PPBL has been hit with …

Vijay Shekhar Sharma resigns as chairman of Paytm Payments Bank; board reconstituted
9 months, 4 weeks ago

Vijay Shekhar Sharma resigns as chairman of Paytm Payments Bank; board reconstituted

Hindustan Times  

Paytm founder Vijay Shekhar Sharma has resigned as part-time non-executive Chairman of Paytm Payments Bank Limited ahead of the March 15 deadline to wind down its business. PPBL has also reconstituted its Board of Directors with the appointment of Ex-Central Bank of India Chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former Executive Director of Bank of Baroda Ashok Kumar …

Paytm Payments Bank Fastag Users: Switch To New Provider Before March 15, Check All Options Here
9 months, 4 weeks ago

Paytm Payments Bank Fastag Users: Switch To New Provider Before March 15, Check All Options Here

News 18  

Paytm Payments Bank can no longer offer FASTag services. Indian Highways Management Company Ltd, toll collecting arm of state-owned NHAI, recently advised highway users to buy FASTags from 32 authorised banks sans Paytm Payments Bank for hassle-free travel. However, no further funding or top-ups will be allowed in the FASTags issued by Paytm Payments Bank after March 15, 2024. The …

Paytm FASTag will not work after March 15. What alternatives are the best for you?
9 months, 4 weeks ago

Paytm FASTag will not work after March 15. What alternatives are the best for you?

Hindustan Times  

Customers using Paytm Payments Bank Limited for FASTags, will have to close their existing FASTags and open new ones after March 15, in line with the Reserve Bank of India's January 31 directive to PPBL – the banking arm of fintech major Paytm – over ‘persistent non-compliances.’ After March 15, 2024, you will not be able to top-up or recharge …

Paytm Payments Bank Chairman Vijay Shekhar Sharma quits
9 months, 4 weeks ago

Paytm Payments Bank Chairman Vijay Shekhar Sharma quits

India Today  

Paytm founder Vijay Shekhar Sharma on Monday resigned as Paytm Payments Bank Chairman ahead of March 15 deadline set by the Reserve Bank of India to accept further credits into its customer accounts. Vijay Shekhar Sharma was the part-time non-executive Chairman of Paytm Payments Bank Limited. The announcement comes weeks after RBI barred Paytm Payments Bank from receiving deposits and …

NPCI to examine Paytm's third-party app request for UPI: RBI
10 months ago

NPCI to examine Paytm's third-party app request for UPI: RBI

Hindustan Times  

The Reserve Bank of India on Friday said it has advised National Payments Corporation of India to examine One97 Communication Limited's request seeking approval for the Third-Party Application Provider route for continuation of Paytm's Unified Payments Interface services. Paytm Payments Bank cannot onboard new customers after March 15 One97 Communication Limited is the parent firm of fintech major Paytm. On …

How to deactivate and get a refund from your Paytm FASTag?
10 months ago

How to deactivate and get a refund from your Paytm FASTag?

India Today  

Attention Paytm FASTag users! The National Highway Authority of India has directed Paytm Payments Bank Ltd to halt the issuance of FASTags due to regulatory concerns. This development directly impacts the Paytm FASTag service, an electronic toll collection system widely used in India. It's essential to note that the RBI notice only applies to Paytm Payments Bank Ltd. Other Paytm …

Paytm, Axis Bank to apply this week for third-party route for UPI: Report
10 months ago

Paytm, Axis Bank to apply this week for third-party route for UPI: Report

Hindustan Times  

One97 Communications Limited, which owns Paytm, and recently joined hands with Axis Bank in the wake of Reserve Bank of India's crackdown against Paytm Payments Bank, will apply this week for the third-party application provider route, with the application to be sent to the National Payments Corporation of India, Moneycontrol has reported. Cutlery vendor switches on Paytm, a digital payments …

Paytm FASTag: How to delete your FASTag account from Paytm Payments Bank?
10 months ago

Paytm FASTag: How to delete your FASTag account from Paytm Payments Bank?

Hindustan Times  

The National Highway Authority of India removed Paytm Payments Bank Ltd from its approved list of FASTag providers. This comes as the Reserve Bank of India in January issued a report saying that Paytm Payments Bank faces charges of non-compliance and needs to halt its operations by February 29. Paytm FASTag: Car seen at Gurugram-Faridabad road toll plaza near Bandhwari …

Paytm FASTag port: How can you port account to other banks. Details
10 months ago

Paytm FASTag port: How can you port account to other banks. Details

Hindustan Times  

Paytm FASTag port: The National Highway Authority of India has not included Paytm Payments Bank in its list of 32 authorised banks for the service after regulatory actions by the Reserve Bank of India against the company. Paytm FASTag port: After March 15, 2024, you will not be able to top-up or recharge your FASTag issued by Paytm Payments Bank. …

Paytm Fastag Deactivate: How to do it, a step by step guide for you
10 months ago

Paytm Fastag Deactivate: How to do it, a step by step guide for you

Hindustan Times  

Paytm FASTags: Highway users have been asked to buy FASTags from 32 authorised banks and not Paytm Payments Bank after the Reserve Bank of India's directed Paytm to stop accepting deposits and top-ups from any customers after February 29. Paytm FASTag: After March 15, 2024, you will not be able to top-up or recharge your FASTag issued by Paytm Payments …

Can you continue to use Paytm FASTag for toll payments? Check RBI FAQs for customers
10 months ago

Can you continue to use Paytm FASTag for toll payments? Check RBI FAQs for customers

India TV News  

The Indian Highways Management Company Ltd, responsible for toll collection on highways, has advised travellers to purchase FASTags from 32 authorised banks, excluding Paytm Payments Bank for seamless travel. As of March 15, 2024, FASTags issued by Paytm Payments Bank will no longer support top-up or recharge functionalities. Furthermore, the RBI assures that PPBL customers can withdraw or utilise their …

Paytm Payments Bank crisis: RBI issues 30 FAQs after crackdown
10 months, 1 week ago

Paytm Payments Bank crisis: RBI issues 30 FAQs after crackdown

Hindustan Times  

The Reserve Bank of India, soon after extending the deadline to halt operations, issued a list of frequently asked questions for Paytm Payments Bank account holders. After March 15, 2024, you will not be able to deposit money into your account with Paytm Payments Bank. After March 15, 2024, you will not be able to receive any such credits into …

Paytm FASTag holders advised to switch to other banks by March 15| Details
10 months, 1 week ago

Paytm FASTag holders advised to switch to other banks by March 15| Details

India Today  

The Indian Highways Management Company Ltd, which collects tolls for the government on highways, says people should get FASTags from 32 banks, not including Paytm Payments Bank, for easier travel. But the Reserve Bank of India, on Friday, said in its frequently asked questions that people can still use FASTags to pay tolls as long as there's enough money in …

RBI Releases FAQs on Paytm Payments Bank Operations After March 15
10 months, 1 week ago

RBI Releases FAQs on Paytm Payments Bank Operations After March 15

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Friday issued a list of frequently asked questions on Paytm Payments Bank for the convenience of the customers of the fintech giant which has been banned from onboarding new customers. The RBI in a press statement announced extending the deadline for Paytm Payments Bank to wind down operations by 15 days to March …

RBI extends deadline for Paytm Bank customers to make deposits, access credit transactions till March 15
10 months, 1 week ago

RBI extends deadline for Paytm Bank customers to make deposits, access credit transactions till March 15

The Hindu  

The Reserve Bank of India has extended the earlier stipulated deadline for Paytm Payments Bank’s customers to make deposits and access credit transactions till March 15, 2024. However, those merchants who are accepting payments using a Paytm QR code, Paytm soundbox, Paytm POS terminal linked to their bank account or wallet with Paytm Payments Bank will not be able to …

RBI gives 15 days relaxation to Paytm Payments bank, says Paytm QR, soundbox, POS will continue to work
10 months, 1 week ago

RBI gives 15 days relaxation to Paytm Payments bank, says Paytm QR, soundbox, POS will continue to work

Op India  

The Reserve Bank of India on Friday gave a 15 day relaxation to Paytm payments bank on accepting deposits. However, no fresh deposits with partner banks through Paytm Payments Bank will be allowed after March 15, 2024. Merchants using Paytm Payments Bank to receive payments using a Paytm QR code, Paytm soundbox or Paytm POS terminal, linked to another bank …

RBI gives 15 more days till March 15 to Paytm Payments Bank to stop transactions
10 months, 1 week ago

RBI gives 15 more days till March 15 to Paytm Payments Bank to stop transactions

The Hindu  

The RBI on February 16 gave 15 days more till March 15, 2024 to Paytm Payments Bank Ltd to stop deposits, credit transactions or top-ups in any customer accounts, wallets, and FASTags, keeping in view the interest of customers, including merchants. As per a January 31 order of the central bank, PPBL was asked to stop further deposits, credit transactions, …

Paytm Crisis: RBI Extends Deadlines on Certain Business Restrictions Till March 15
10 months, 1 week ago

Paytm Crisis: RBI Extends Deadlines on Certain Business Restrictions Till March 15

News 18  

The Reserve Bank of India on Friday extended deadlines on certain business restrictions regarding Paytm Payments Bank Ltd by 15 days till March 15, 2024, as against the February 29 decided earlier. PPBL Business Restrictions Where Deadline Extended Till March 15 In a notification, the RBI said, “No further deposits or credit transactions or top ups shall be allowed in …

RBI grants Paytm Payments Bank extension until March 15 to stop deposits
10 months, 1 week ago

RBI grants Paytm Payments Bank extension until March 15 to stop deposits

Hindustan Times  

The RBI on Friday gave 15 days more till March 15, 2024 to Paytm Payments Bank Ltd to stop deposits, credit transactions or top-ups in any customer accounts, wallets, and FASTags, keeping in view the interest of customers, including merchants. A customer pays cash to buy vegetables next to a QR code of Paytm, a digital payments firm, on display …

Paytm Payments Bank not on list of 32 authorised banks for new FASTag. Here's why
10 months, 1 week ago

Paytm Payments Bank not on list of 32 authorised banks for new FASTag. Here's why

Hindustan Times  

In the midst of the ongoing controversy after the Reserve Bank of India crackdown, Paytm Payments Bank was left out of the list of 32 banks authorisied to issue new FASTag for vehicles, issued by the road tolling authority. Paytm Payments Bank not authorised to issue FASTag anymore The Indian Highway Management Company, which is the tolling arm of the …

RBI releases Paytm Payments Bank FAQs. Check what happens to wallets, FASTags
10 months, 1 week ago

RBI releases Paytm Payments Bank FAQs. Check what happens to wallets, FASTags

India Today  

The Reserve Bank of India has announced an extension of the deadline for the operations of Paytm Payments Bank Limited. Wallet services, FASTags, and NCMC cards issued by Paytm Payments Bank can be used until the balance is exhausted, but no top-ups or recharges will be allowed after March 15, 2024. Deposits or transfers into Paytm Payments Bank accounts will …

Paytm Payments Bank gets reprieve till March 15, RBI cites customers' interest
10 months, 1 week ago

Paytm Payments Bank gets reprieve till March 15, RBI cites customers' interest

India Today  

The Reserve Bank of India on Friday extended the earlier deadline given to Paytm Payments Bank Limited to stop key services, including credit transactions, deposits, wallet, and FASTags. The central bank has said in a fresh circular that the new deadline is March 15, and also released a list of FAQ on Paytm Payments Bank. "Keeping in view the interest …

Enforcement Directorate questions Paytm executives; gets documents on latest RBI action
10 months, 1 week ago

Enforcement Directorate questions Paytm executives; gets documents on latest RBI action

The Hindu  

“The Enforcement Directorate has questioned senior Paytm executives and taken submission of documents from them following the recent Reserve Bank of India action of barring Paytm Payments Bank Limited from accepting deposits or top-ups in any customer account,” official sources said on February 15. Paytm said its associate Paytm Payments Bank Limited does not undertake outward foreign remittances. "One 97 …

Paytm crisis: Firm reacts amid reports of ED probing Paytm Payments Bank case
10 months, 1 week ago

Paytm crisis: Firm reacts amid reports of ED probing Paytm Payments Bank case

Hindustan Times  

Fintech company Paytm in an exchange filing clarified about the reports of an investigation by the Enforcement Directorate, saying that no FEMA violation cases have been filed against the company by the probe agency. Paytm denies reports of ED probe against firm One 97 Communications Limited, the parent company of Paytm and Paytm Payments Bank, stated in an exchange filing …

ED questions Paytm executives, collects documents on RBI restrictions
10 months, 1 week ago

ED questions Paytm executives, collects documents on RBI restrictions

India TV News  

The Enforcement Directorate has questioned senior executives at Paytm and collected documents from them in response to the recent Reserve Bank of India action, which barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account. One97 Communications, the parent company of Paytm, and its banking arm, Paytm Payments Bank, have been receiving notices and requests for …

RBI Proceedings Against Paytm Payment Bank: Regulatory Compliances
10 months, 1 week ago

RBI Proceedings Against Paytm Payment Bank: Regulatory Compliances

Live Law  

The recent action of the Reserve Bank of India against Paytm's subsidiary, the Paytm Payment Bank has sent ripples across the fintech industry. This action of the RBI comes in light of multiple repeated violations by the Paytm Payment Bank of various compliances, regulations, and directions that are in place to regulate the functioning of payment banks. It is pertinent …

Paytm Chronicle Continues: From FAQs to RBI's Firm Stand, What We Know So Far
10 months, 1 week ago

Paytm Chronicle Continues: From FAQs to RBI's Firm Stand, What We Know So Far

News 18  

On Monday, Reserve Bank of India Governor Shaktikanta Das said there was “hardly any room” to review the action taken against Paytm Payments Bank. Asked if the deadline of February 29 would be extended, Das said, “Wait for the FAQ.” “Don’t expect review of RBI’s decision in FAQ. “Just one clarification, this particular action is against Paytm Payments Bank and …

RBI Governor Shaktikanta Das rules out review of action against Paytm Payments Bank
10 months, 1 week ago

RBI Governor Shaktikanta Das rules out review of action against Paytm Payments Bank

The Hindu  

Reserve Bank of India Governor Shaktikanta Das ruled out any review of the central bank's action against Paytm Payments Bank on February 12, saying the decision was taken after a comprehensive assessment of the functioning of the lender. RBI’s action against Paytm Payments Bank While announcing the action against PPBL, the RBI had said the direction follows persistent non-compliances and …

Paytm set to operate as third-party app for UPI: Report
10 months, 2 weeks ago

Paytm set to operate as third-party app for UPI: Report

Hindustan Times  

One97 Communications Limited, the parent firm of crisis-hit Paytm, is focusing on the third-party payment app route to ensure that the fintech major's Unified Payments Interface remains available to its users, according to an Economic Times report. “Since Paytm Payments Bank will stop offering payment services, Paytm will become a third-party app going forward, integrating UPI through other lenders,” the …

Paytm to form advisory committee on compliance, regulatory matters led by ex-SEBI head
10 months, 2 weeks ago

Paytm to form advisory committee on compliance, regulatory matters led by ex-SEBI head

Hindustan Times  

Fintech firm One97 Communications, which owns Paytm brand, on Friday announced setting up of a group advisory committee headed by former Sebi Chairman M Damodaran, amid its associate payments bank entity facing regulatory action for non-compliance with RBI norms. Among other responsibilities, Damodaran had chaired high-powered committees for the Union government, RBI and was also elected Chairman of the EMC …

Paytm forms advisory panel under former SEBI chairman M Damodaran
10 months, 2 weeks ago

Paytm forms advisory panel under former SEBI chairman M Damodaran

Live Mint  

The owner of fintech firm Paytm, One 97 Communications Limited, on Friday announced the formation of an advisory committee chaired by former Securities and Exchange Board of India chairman M Damodaran. The three-member committee includes former president of the Institute of Chartered Accountants of India MM Chitale and former chairman and MD of Andhra Bank R Ramachandran. “The Board of …

RBI on clampdown against Paytm Payments Bank: ‘Persistent non-compliance’
10 months, 2 weeks ago

RBI on clampdown against Paytm Payments Bank: ‘Persistent non-compliance’

Hindustan Times  

The Reserve Bank of India on Thursday said the action against Paytm was taken due to the fintech firm's ‘persisted non-compliance’. “RBI will be issuing a set of FAQs next week to assuage public concerns following the Paytm action,” Das said. Last week, the central bank had barred Paytm Payments Bank from accepting new deposits from February 29. “Withdrawal or …

Paytm share price hits 10% lower circuit after a two-day recovery
10 months, 2 weeks ago

Paytm share price hits 10% lower circuit after a two-day recovery

Live Mint  

The stock price of One97 Communications, the parent company of Paytm, experienced a significant drop in today's trading session after recovering slightly from heavy losses in the past two trading days. Despite Sharma's efforts, reports suggest that the central bank declined to offer any concessions to Paytm Payments Bank, such as allowing the migration of accounts to other banks or …

Paytm Payments Bank's independent director Manju Agarwal resigns from board following RBI order
10 months, 2 weeks ago

Paytm Payments Bank's independent director Manju Agarwal resigns from board following RBI order

India TV News  

New Delhi: Paytm Payments Bank independent director Manju Agarwal has reportedly resigned from the board following an RBI order that imposed restrictions on the bank's operations. "Paytm Payments Bank independent director Manju Agarwal has resigned from the company's board after RBI order," the source said. RBI order to Paytm Payments Bank The RBI issued a directive on January 31, instructing …

RBI will deal with Paytm issue, government has nothing to do with it: Financial Services Secretary Joshi
10 months, 2 weeks ago

RBI will deal with Paytm issue, government has nothing to do with it: Financial Services Secretary Joshi

India TV News  

Financial Services Secretary Vivek Joshi said on Wednesday that the issue concerning Paytm is within the jurisdiction of the Reserve Bank of India, emphasising that the government's involvement is currently not warranted. He reassured that Paytm Payments Bank Ltd is a relatively small financial entity, alleviating concerns about systemic stability. Addressing concerns about financial stability due to the RBI's actions …

Paytm crisis: Vijay Shekhar Sharma knocks at Nirmala Sitharaman's door, gets curt reply
10 months, 2 weeks ago

Paytm crisis: Vijay Shekhar Sharma knocks at Nirmala Sitharaman's door, gets curt reply

Hindustan Times  

Paytm founder and chief executive officer Vijay Shekhar Sharma on Tuesday had met finance minister Nirmala Sitharaman in wake of the Reserve Bank of India actions against his Paytm Payments Bank. According to a Moneycontrol report, the central bank refused to grant any concession to the Paytm Payments Bank including the migration of users' accounts to other banks and extension …

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