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Chandrasekhar - the minister of state for electronics and IT - said the issue of Paytm Payments Bank is a case where a hard-charging and aggressive entrepreneur has failed to realise the need for regulatory compliance.
Paytm on Friday said it has partnered with Axis Bank for the settlement of merchant payments. The company issued a release stating that One97 Communications has shifted its nodal account to Axis Bank via an escrow account that it has opened with it.
YES Bank shares were up 2.41 per cent at Rs 29.71 on BSE as Morgan Stanley Asia (Singapore) PTE emerged in a bulk deal that saw a shareholder CA Basque Investments, a Carlyle Group entity, selling Rs 1,056 crore worth shares