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Paytm Payments Bank | Vijay Shekhar Sharma steps down from Paytm Payments Bank board, four independent directors appointed

The Reserve Bank of India has barred PPBL from accepting deposits and credits from any customer after March 15 for persistent non-compliance and continued material supervisory concerns in the bank

New yorkUnited statesMorgan stanleyRajni sekhri sibalVijay shekhar sharmaSrinivasan sridharAshok kumar gargGoldman sachsCentral bankCommunications ltdNational housing bankPaytm payments bank limitedDepartment of financial servicesVoltas ltdNational payments corporation of indiaSouthern petrochemical industries corporation

Paytm Payments Bank Ltd | RBI announces more steps to ensure ease in doing UPI transactions for Paytm Payments Bank users

The Reserve Bank of India has asked the National Payments Corporation of India (NPCI) to examine the possibility of migrating Paytm Payments Bank customers using the UPI handle ‘@paytm’ to 4-5 other banks

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One97 Communications (OCL) | Paytm to morph into a pure payment service provider following RBI clampdown: Jefferies

The brokerage estimates the direct and indirect impact of the RBI’s action could lead to a 28 per cent year-on-year decline in 2024-25 revenues of the company that could lead to cash burns in parent One97 communications

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Paytm Payments Bank | RBI relaxes deadline till March 15 for Paytm Payments Bank customers to settle transactions

One97 Communications (OCL), the Paytm parent, said it has joined hands with Axis Bank to settle merchant payments. Paytm shifted its nodal account to the private sector bank by opening an escrow account. The arrangement will replace the nodal account that OCL was using with PPBL

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Paytm Payments Bank | Shares of One97 Communications fall further over reports of Enforcement Directorate action on Paytm Payments Bank

The Enforcement Directorate has reportedly started a preliminary inquiry into Paytm Payments Bank Ltd (PPBL) to examine possible violations of Fema (Foreign Exchange Management Act) rules

Shaktikanta dasFema foreign exchange managementPaytm payments bank ltdCommunications ltdForeign exchange management actReserve bankPayments bankPaytm payments bankOne97 communications oclNforcement directorate ed

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