Digital payments firm Paytm Payments Bank on Monday said Securities and Exchange Board of India has approved Paytm UPI handle to enable fast and seamless payment mandates for IPO applications.
Paytm Payments Bank (PPBL) has also entered into a partnership with Paytm Money to enable payment mandates for IPO applications. Paytm Money has the aim to bring 10 million Indians to equity markets by the financial year 2022. By enabling @paytm UPI to apply for IPO, we are giving millions of investors the ease of seamless, secure, and rapid payments to help enhance their financial portfolio. We believe that every Indian has a right to access capital markets and benefit from the burgeoning list of successful companies which are listing in the stock market, PPBL MD and CEO Satish Gupta said in a statement.
Read more about Sebi extends Central KYC Registry to legal entities on Business Standard. Sebi on Wednesday asked regulated entities to upload Know Your Customer data pertaining to accounts of legal entities opened on or after April 1, onto the Central KYC Registry
Read more about Sebi lays guidelines on votes cast by mutual funds to improve transparency on Business Standard. The move is aimed at encouraging fund houses to diligently exercise their voting rights in best interest of the unit holders
Read more about Security concerns must be addressed in virtual board meetings: Sebi chief on Business Standard. Sebi chairman Ajay Tyagi on Thursday said confidentiality and security concerns of virtual board meets need to be addressed
Markets regulator Sebi on Thursday cancelled the registration of Kolar Sharex Pvt Ltd as stock broker for violating market norms. In a separate order, Sebi said it has also cancelled the registration certificate of Rajkumar C. Basantani as stock broker, who, apart from being a director of Kolar Sharex, was also a trading member of the National Stock Exchange (NSE).
Sebi noted that Kolar Sharex was having membership of BSE and Inter Connected Stock Exchange (ICSE) before it was expelled from the exchanges in October 2014 pursuant to a decision of the disciplinary action committee (DAC) of the BSE, which had noted various irregularities by Kolar Sharex.