Paytm Payments Services CEO Nakul Jain steps down amid awaited RBI approval for aggregator licence
1 month, 3 weeks ago

Paytm Payments Services CEO Nakul Jain steps down amid awaited RBI approval for aggregator licence

Live Mint  

Paytm Payments Services Limited CEO Nakul Jain will be resigning on March 31, 2025, its parent company One97 Communications informed in an exchange filing on Monday. Paytm Payments Services awaits RBI nod Nakul Jain's resignation comes as the fintech company is awaiting the Reserve Bank of India's approval for a payment aggregator licence. Paytm Q3FY25 results One97 Communications reported earnings for the quarter that ended on December 31, 2024, on January 20. Paytm’s consolidated revenue from operations for the third quarter of the current fiscal year fell 36% year-on-year to ₹1,827.8 crore from ₹2,850.5 crore, while Paytm's revenue rose 10% sequentially.

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Paytm Payments Services CEO Nakul Jain resigns | Here's what next for him
Trending News
1 month, 3 weeks ago

Paytm Payments Services CEO Nakul Jain resigns | Here's what next for him

India TV News  

Nakul Jain resigns: Nakul Jain, the Managing Director and CEO of Paytm Payments Services Ltd, has resigned from his position to embark on an entrepreneurial journey, according to the stock exchange filing of the company filed on Monday. Jain has decided to pursue an entrepreneurial journey "We wish to inform you that Paytm Payments Services Ltd our wholly-owned material subsidiary …

‘We have learnt our lessons’: Vijay Shekhar Sharma expects Paytm Payments Bank to get back into business soon
2 months ago

‘We have learnt our lessons’: Vijay Shekhar Sharma expects Paytm Payments Bank to get back into business soon

Live Mint  

Paytm founder and Chief Executive Officer Vijay Shekhar Sharma said he expects Paytm Payments Bank to get back into business again, according to a Bloomberg report. Last year, the Reserve Bank of India imposed new restrictions on Paytm Payments Bank after multiple warnings about data flows between the bank and fintech Paytm. “We’ve learnt our lessons and we’ve dramatically changed …

Paytm to reapply for payments aggregator licence after nod for infusion by parent
6 months, 3 weeks ago

Paytm to reapply for payments aggregator licence after nod for infusion by parent

Live Mint  

Bengaluru: Paytm Payments Services Ltd received the finance ministry’s approval for a downstream investment by its parent, making it eligible to seek a payments aggregator licence again, in some relief amid regulatory scrutiny. A payments aggregator licence will take PPSL a step closer to normalizing its business operations after a string of regulatory setbacks that halted bulk of its business. …

Paytm gets government nod for investment in payments arm: Details
6 months, 3 weeks ago

Paytm gets government nod for investment in payments arm: Details

India TV News  

India's Paytm has received approval from the country's finance ministry to invest in its payment services business, the fintech firm. In July, Reuters reported, citing a top finance ministry official, that Paytm had secured approval for a 500 million rupee investment in its payments arm. Paytm Payment Services is one of the biggest remaining parts of the fintech firm's business …

Paytm said to get government nod to invest in payments arm: report
8 months, 2 weeks ago

Paytm said to get government nod to invest in payments arm: report

The Hindu  

India's beleaguered Paytm has secured approval from a government panel that oversees investments linked to China to invest 500 million rupees in a key subsidiary, three sources with direct knowledge of the matter said. The approval, which still has to be vetted by the finance ministry, will remove the main stumbling block to the unit, Paytm Payment Services, resuming normal …

Vijay Shekhar Sharma's rebuild team plan: Wants ex-Paytm executives to come back
9 months, 1 week ago

Vijay Shekhar Sharma's rebuild team plan: Wants ex-Paytm executives to come back

Hindustan Times  

Paytm founder and CEO Vijay Shekhar Sharma is reportedly reaching out to former executives of the company as he aims to revive the embattled firm. The report also claimed that Vijay Shekhar Sharma has been taking control of the various verticals to push growth, reduce customer attrition and increase confidence among partners, merchants and customers. "Sharma's strategic move to reunite …

Paytm’s market share Continues to fall after RBI crackdown
9 months, 2 weeks ago

Paytm’s market share Continues to fall after RBI crackdown

Hindustan Times  

Paytm’s market share among India’s online payment apps, fell for a fourth straight month as the fintech pioneer struggles to recover from the Reserve Bank of India ordering its affiliate, Paytm Payments Bank to shut down, according to a Bloomberg report. Paytm Payments Bank isn’t actually controlled by Paytm, but is part of founder and CEO Vijay Shekhar Sharma’s fintech …

Paytm Stock Surges 5%; Hits Upper Circuit For Second Consecutive Day
9 months, 3 weeks ago

Paytm Stock Surges 5%; Hits Upper Circuit For Second Consecutive Day

ABP News  

Shares of One97 Communications, Paytm's parent company, surged by 5 per cent on Thursday, reaching their upper circuit limit for the second consecutive session. Nevertheless, the stock surged by 4.99 per cent, hitting its upper circuit limit of Rs 377.40 on the NSE and Rs 377.50 on the BSE. As of the end of March, Paytm founder Vijay Shekhar Sharma …

Is Paytm in talks with Adani Group to sell stake? Company issues clarification
9 months, 3 weeks ago

Is Paytm in talks with Adani Group to sell stake? Company issues clarification

India TV News  

New Delhi: One97 Communications Limited, the parent company of Paytm, has denied being in discussions with the Adani Group about a potential stake sale, terming the report "speculative". This clarification comes in response to a report suggesting that billionaire Gautam Adani was in talks with Paytm founder Vijay Shankar Sharma to buy a stake in the digital payments company. News …

Paytm layoffs: Company warns of job cuts as revenue falls 2.7%
10 months ago

Paytm layoffs: Company warns of job cuts as revenue falls 2.7%

Hindustan Times  

Paytm announced that there may be job cuts at the company as it plans to trim non-core assets following its first-ever decline in sales on May 22. Paytm reported Q4 results after a regulatory probe into its financial arm Paytm Payments Bank by the Reserve Bank of India In a letter to shareholders, Vijay Shekhar Sharma said, “We expect near-term …

Paytm Q4: Vijay Shekhar Sharma tells shareholders ‘anticipate tangible results’
10 months ago

Paytm Q4: Vijay Shekhar Sharma tells shareholders ‘anticipate tangible results’

Hindustan Times  

Paytm's Vijay Shekhar Sharma told shareholders that the company's revenue and profitability will be impacted in the near-term due to disruptions faced in the business in Quarter 4. Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm, attends the Japan Fintech Festival in Tokyo, Japan. Full text of Paytm founder and CEO Vijay Shekhar Sharma’s letter …

Vijay Shekhar Sharma assumes leadership of Paytm: Can he steer the company to stability?
10 months, 2 weeks ago

Vijay Shekhar Sharma assumes leadership of Paytm: Can he steer the company to stability?

India TV News  

Recently it was reported that Paytm's share has crashed by about 50 per cent this year, amid high-profile exits, the RBI ban on certain businesses of Paytm Payments Bank Ltd, and fresh reports about some lending partners revoking loan guarantees due to repayment defaults from customers. As the share price continues to hit the lower circuit amid fresh uncertainties, the …

Paytm Announces Leadership Change To Double Down On Payments & Financial Services Offerings
10 months, 2 weeks ago

Paytm Announces Leadership Change To Double Down On Payments & Financial Services Offerings

ABP News  

One97 Communications Limited that owns the brand Paytm is expanding its leadership team to build a large and profitable payment and financial services distribution business. Expanding Priority To Wealth Management Products The company has also undertaken leadership transitions within its wealth subsidiary where Rakesh Singh has recently been appointed as the new Chief Executive Officer of Paytm Money Ltd. With …

Paytm Payments Bank MD and CEO Surinder Chawla quits
11 months, 2 weeks ago

Paytm Payments Bank MD and CEO Surinder Chawla quits

The Hindu  

Beleaguered Paytm Payments Bank's managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on April 9. Mr. Chawla's resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI. In a major action against Paytm Payments Bank, RBI, on January 31, directed it to stop accepting deposits or top-ups in any customer …

Paytm jumps 5% as digital payments app survives banking unit shutdown
1 year ago

Paytm jumps 5% as digital payments app survives banking unit shutdown

The Hindu  

Shares of India's Paytm rose a stock exchange-allowed maximum of 5% on Friday, March 15, 2024, a day after it got a third-party application provider license that will allow it to offer digital payments after its banking unit ceases operations. The license, granted by the country's payments authority, came as Paytm Payments Bank will cease to operate on March 15, …

Paytm's Vijay Shekhar Sharma on RBI action: ‘In my lifetime, I would like…’
1 year ago

Paytm's Vijay Shekhar Sharma on RBI action: ‘In my lifetime, I would like…’

Hindustan Times  

Paytm founder Vijay Shekhar Sharma said that he was confident that his company will overcome regulatory setbacks in India this year and stage a comeback. Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm, attends the Japan Fintech Festival in Tokyo, Japan. He asserted, “And it is important for you, yourself to be taking care of …

Vijay Shekhar Sharma | Embattled entrepreneur
1 year ago

Vijay Shekhar Sharma | Embattled entrepreneur

The Hindu  

Witnessing their company’s introduction on bourses can indeed be overwhelming for any entrepreneur. This was no different for One97 Communications’ founder and CEO Vijay Shekhar Sharma who anyway had a reputation for wearing his heart on his sleeve. Mr. Sharma’s operating rationale was perhaps best captured in a 2015 interview. Responding to a question on whether he was a disruptor, …

The inevitable woes of Vijay Shekhar Sharma
1 year ago

The inevitable woes of Vijay Shekhar Sharma

Hindustan Times  

In February, this column argued it is too early to write off Vijay Shekhar Sharma, the founder of PayTM. The RBI compelled PayTM’s parent company One97 to say it will terminate relations with PayTM Payments Bank. Those in senior roles at the central bank agreed that Sharma is a “schizophrenic” and that the RBI ought to have acted earlier. The …

Paytm Payments Bank fined ₹5.49 crore for money laundering
1 year ago

Paytm Payments Bank fined ₹5.49 crore for money laundering

Hindustan Times  

Financial Intelligence Unit on Friday imposed ₹5.49 crore penalty on Paytm Payments Bank for money laundering, PTI quoted the ministry of finance as saying. has imposed a monetary penalty of ₹5.49 crore on Paytm Payments Bank Ltd with reference to the violations of its obligations under the PMLA," the ministry said in a statement. A Paytm Payments Bank spokesperson said,"The …

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

Paytm takes strategic measures amid PPBL crisis: Discontinues inter-company agreements to cut dependencies
1 year ago

Paytm takes strategic measures amid PPBL crisis: Discontinues inter-company agreements to cut dependencies

India TV News  

In response to regulatory actions from the Reserve Bank of India, One 97 Communications, the parent company of Paytm, has announced plans to discontinue inter-company agreements with its associate entity, Paytm Payments Bank Limited. Board approves discontinuation of agreements The decision to terminate inter-company pacts and simplify the shareholder agreement was approved by the board of One 97 Communications on …

SoftBank’s Stake in Paytm Down to 2.83 pc
1 year ago

SoftBank’s Stake in Paytm Down to 2.83 pc

Deccan Chronicle  

Chennai: Japanese investor SoftBank has divested 2.17 per cent stake worth Rs 580 crore in Paytm. With this fifth divestment in this fiscal, SoftBank’s stake in Paytm has come down to 2.83 per cent. Paytm, which has been facing regulatory hurdles, saw SoftBank divesting 1,37,84,787 equity shares in a series of disposals between January 23 and February 26, as per …

Paytm Shares Rise Over 2% As CEO Vijay Shekhar Sharma Steps Down Amidst Regulatory Scrutiny
1 year ago

Paytm Shares Rise Over 2% As CEO Vijay Shekhar Sharma Steps Down Amidst Regulatory Scrutiny

ABP News  

Shares of Paytm saw a modest gain of over 2 per cent on the BSE on Tuesday, following the announcement of significant developments within the company. Vijay Shekhar Sharma, the founder and CEO of Paytm, on Monday evening took a pivotal step by resigning from his position to assist in the restructuring of the Board of Paytm Payments Bank Ltd. …

Why did Vijay Shekhar Sharma resign as chairman of Paytm Payments Bank? | EXPLAINED
1 year ago

Why did Vijay Shekhar Sharma resign as chairman of Paytm Payments Bank? | EXPLAINED

India TV News  

Why did Vijay Shekhar Sharma resign as chairman of Paytm Payments Bank? | EXPLAINED Vijay Shekhar Sharma, CEO of Paytm, resigned as non-executive chairman and board member of Paytm Payments Bank due to regulatory challenges, including RBI's directive to wind down operations by March 15. In response to ongoing regulatory challenges, Vijay Shekhar Sharma, CEO of Paytm, tendered his resignation …

Why did Vijay Shekhar Sharma have to resign as Paytm Payments Bank chairman?
1 year ago

Why did Vijay Shekhar Sharma have to resign as Paytm Payments Bank chairman?

Hindustan Times  

Vijay Shekhar Sharma, the founder and CEO of Paytm, has resigned from his position as part-time non-executive chairman of Paytm Payments Bank Limited amid RBI's clampdown on the fintech firm over compliance issues. Vijay Shekhar Sharma, the Founder and CEO of Paytm Due to persistent non-compliance and ongoing material supervisory concerns, the Reserve Bank of India has prohibited PPBL from …

Vijay Shekhar Sharma resigns from Paytm Payments Bank amid board revamp
1 year ago

Vijay Shekhar Sharma resigns from Paytm Payments Bank amid board revamp

Live Mint  

Paytm founder Vijay Shekhar Sharma has stepped down as non-executive chairman of Paytm Payments Bank as the lender overhauls its board in the face of regulatory strictures. Paytm has initiated several urgent measures afloat after the Reserve Bank of India barred its payments bank from accepting any customer deposits after 29 February citing repeated non-compliance with its rules. The payments …

Vijay Shekhar Sharma resigns as chairman of Paytm Payments Bank; board reconstituted
1 year 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 Chairman Vijay Shekhar Sharma quits
1 year 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 …

Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman
1 year ago

Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

India TV News  

Vijay Shekhar Sharma has stepped down as chairman of Paytm Payments Bank after the bank reconstituted the board. According to the One 97 Communications Ltd, the parent firm of Paytm said that Vijay Shekhar Sharma has stepped down as part-time non-executive chairman and board member to enable the transition. "OCL withdraws its nominee from the Paytm Payments Bank Board and …

Vijay Shekhar Sharma's message on Paytm QR code, soundbox: Will work ‘today, tomorrow…’
1 year, 1 month ago

Vijay Shekhar Sharma's message on Paytm QR code, soundbox: Will work ‘today, tomorrow…’

Hindustan Times  

Paytm founder and CEO Vijay Shekhar Sharma said that its QR code and soundbox facility will continue to work even after March 15 as the company faces crisis after RBI's restrictions. Vijay Shekhar Sharma wrote on X, “Paytm QR, soundbox and EDC will continue to work like always, even after March 15. Paytm Crisis: Paytm founder and CEO Vijay Shekhar …

Paytm shares surge 5% as Axis Bank steps in for merchant settlements amid RBI compliance woes
1 year, 1 month ago

Paytm shares surge 5% as Axis Bank steps in for merchant settlements amid RBI compliance woes

New Indian Express  

NEW DELHI: Shares of One97 Communications -- owner of the brand Paytm -- jumped 5 per cent in the morning trade on Monday after the crisis-hit fintech company's decision to collaborate with Axis Bank for the continuation of merchant settlements. In the morning trade, the 30-share BSE Sensex benchmark gained 185.81 points or 0.26 per cent to 72,612.45, while NSE …

Paytm Payments Bank gets reprieve till March 15, RBI cites customers' interest
1 year, 1 month 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 …

Paytm Chronicle Continues: From FAQs to RBI's Firm Stand, What We Know So Far
1 year, 1 month 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 …

Paytm plunges nearly 8 per cent to hit 52-week low; here's why
1 year, 1 month ago

Paytm plunges nearly 8 per cent to hit 52-week low; here's why

India TV News  

Paytm's parent company, One97 Communications, witnessed a significant drop in its shares on Tuesday, declining by nearly 8 per cent following Reserve Bank of India Governor Das's statement affirming the central bank's stance against Paytm Payments Bank Ltd. Meanwhile, the broader market indices showed a positive trend, with the BSE Sensex surging by 436.83 points, or 0.61 per cent to …

Paytm forms advisory panel under former SEBI chairman M Damodaran
1 year, 1 month 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 …

Paytm Shares Decline Nearly 9 Per Cent Again
1 year, 1 month ago

Paytm Shares Decline Nearly 9 Per Cent Again

ABP News  

The shares of One97 Communications Ltd, the parent firm behind the Paytm brand, witnessed another sharp decline of nearly 9 per cent on Friday, marking another tumultuous day for investors. Similarly, on the National Stock Exchange, shares of One97 Communications Ltd dropped 8.20 per cent to Rs 410. This downturn follows a 10 per cent decrease in the company's stock …

After RBI crackdown, EPFO blocks Paytm Payments Bank from February 23 | DETAILS
1 year, 1 month ago

After RBI crackdown, EPFO blocks Paytm Payments Bank from February 23 | DETAILS

India TV News  

Amidst mounting challenges, Paytm Payments Bank finds itself embroiled in yet another setback as the Employees' Provident Fund Organization has issued a directive instructing its officers to exercise caution when handling claims linked to the Paytm subsidiary. This comes after the RBI on January 31 directed the Paytm Payments Bank to stop accepting deposits or top-ups in customer accounts, wallets, …

Paytm shares resume fall for the second consecutive day
1 year, 1 month ago

Paytm shares resume fall for the second consecutive day

New Indian Express  

NEW DELHI: Shares of One97 Communications Ltd, which owns the Paytm brand, tanked over 15 per cent in two days as investors again turned to dump the stock. Extending its previous day's decline, the stock tanked 6.09 per cent to settle at Rs 419. One97 Communications stock price had climbed 10 per cent on Wednesday and rebounded over 3 per …

Paytm shares tank nearly 9 per cent; fall for 2nd day
1 year, 1 month ago

Paytm shares tank nearly 9 per cent; fall for 2nd day

New Indian Express  

Shares of One97 Communications Ltd, which owns the Paytm brand, tanked nearly 9 per cent on Friday as investors continued to dump the stock. Shares of One97 Communications Ltd fell 10 per cent to hit lower circuit limit on Thursday, after a two-day rally in the stock fizzled out. One97 Communications stock price had climbed 10 per cent on Wednesday …

Paytm Payments Bank's independent director Manju Agarwal resigns from board following RBI curbs: Sources
1 year, 1 month ago

Paytm Payments Bank's independent director Manju Agarwal resigns from board following RBI curbs: Sources

India TV News  

Paytm Payments Bank's independent director Manju Agarwal resigns from board following RBI curbs: Sources This comes amid the RBI's order, which directed the bank to cease accepting deposits or top-ups in various customer accounts and instruments after February 29. Paytm Payments Bank's independent director, Manju Agarwal, resigned from the board after an RBI order imposed restrictions on the bank's operations. …

Paytm Payments Bank's independent director Manju Agarwal resigns from board following RBI order
1 year, 1 month 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 …

Paytm crisis: Vijay Shekhar Sharma knocks at Nirmala Sitharaman's door, gets curt reply
1 year, 1 month 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 …

Paytm shares climb for 2nd day; jump 10%
1 year, 1 month ago

Paytm shares climb for 2nd day; jump 10%

The Hindu  

Shares of One97 Communications Ltd, which owns Paytm brand, climbed 10 per cent on Wednesday, February 7 morning, continuing its recovery journey. Earlier, Vijay Shekhar Sharma, founder and CEO of One97 Communications, met Finance Minister Nirmala Sitharaman in the presence of top Department of Financial Services officials, amid the crisis engulfing Paytm Payment Bank’s operation He was told in no …

Big setback to Paytm as RBI refuses concessions to Vijay Shekhar Sharma-led fintech firm: Report
1 year, 1 month ago

Big setback to Paytm as RBI refuses concessions to Vijay Shekhar Sharma-led fintech firm: Report

Hindustan Times  

In a massive setback to Paytm, the Reserve Bank of India has refused to offer any concessions during its meeting with the fintech firm founder Vijay Shekhar Sharma. The central bank refused to help Paytm Payments Bank in any manner, including the migration of accounts to other banks or extending the deadline after February 29, Moneycontrol reported. Banks not keen …

Paytm CEO Vijay Shekhar Sharma meets FM Nirmala Sitharaman amid crisis
1 year, 1 month ago

Paytm CEO Vijay Shekhar Sharma meets FM Nirmala Sitharaman amid crisis

Hindustan Times  

Paytm founder and chief executive officer Vijay Shekhar Sharma met Union finance minister Nirmala Sitharaman on Tuesday to discuss the ongoing challenges faced by his fintech firm following the Reserve Bank of India curbs, ANI reported. Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm. The high-level meeting took place hours after Sharma and few Paytm …

Paytm shares climb for 2nd day; jump 10 pc
1 year, 1 month ago

Paytm shares climb for 2nd day; jump 10 pc

New Indian Express  

NEW DELHI: Shares of One97 Communications Ltd, which owns Paytm brand, climbed 10 per cent on Wednesday morning, continuing its recovery journey. The stock of One97 Communications Ltd rebounded by over 3 per cent on Tuesday after three days of sharp fall. From February 1-5, the company's stock tumbled over 42 per cent, wiping out Rs 20,471.25 crore from its …

Paytm surges 10 per cent after CEO Vijay Shekhar Sharma meets Finance Minister Nirmala Sitharaman
1 year, 1 month ago

Paytm surges 10 per cent after CEO Vijay Shekhar Sharma meets Finance Minister Nirmala Sitharaman

India TV News  

Shares of One97 Communications, the parent company of Paytm, rose 10 per cent to an intraday high of Rs 496.25, bringing relief to investors following a meeting between Paytm founder Vijay Shekhar Sharma and top officials from the Reserve Bank of India and the finance minister, Nirmala Sitharaman. The surge in stock value follows the Reserve Bank of India's refusal …

Paytm surges nearly 8 per cent, recovers from 42 per cent loss in three sessions after RBI curbs
1 year, 1 month ago

Paytm surges nearly 8 per cent, recovers from 42 per cent loss in three sessions after RBI curbs

India TV News  

Shares of One97 Communications Ltd, the parent company of the Paytm brand, rebounded on Tuesday morning after experiencing three consecutive days of sharp declines. Over the past three days, the stock plummeted by over 42 per cent, resulting in a loss of Rs 20,471.25 crore in market valuation, following regulatory actions from the Reserve Bank of India. The RBI's recent …

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