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Paytm RBI: Persistent non-compliance by Paytm, action proportionate with regulations, says RBI

The Reserve Bank of India (RBI) defended its action against Paytm Payments Bank, citing "persistent non-compliance" and violations of regulations, including those related to know-your-customer (KYC) documents. The central bank emphasized the importance of compliance for systemic stability and depositors protection. RBI officials clarified that regulatory engagement preceded the action, and the forthcoming FAQ will address queries on the Paytm issue. ....

Shaktikanta Das , Paytm Payments Bank , Reserve Bank , Unified Payments Interface , Paytm Rbi , Reserve Bank Of Indias ,

Paytm stock tanks 20% for second straight day

India Business News: MUMBAI: The street failed to take comfort from Paytm management's assurance to investors that the company would disassociate from Paytm Payments Bank . ....

Paytm Payments Bank , Reserve Bank , Business News , Vijay Shekhar , Reserve Bank Of Indias ,

paytm: RBI action on Paytm indicates tough times ahead for fintech startups

Many founders and investors took to public platforms to point out that the Reserve Bank of Indias directive has come across as being harsh, with the potential of affecting millions of consumers and businesses. ....

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Paytm: RBI move against Paytm likely to disrupt retail payments

The Reserve Bank of Indias decision Wednesday to terminate the nodal accounts of One 97 Communications Ltd and Paytm Payments Services Ltd could have far reaching implications on India s digital payments ecosystem, multiple industry executives said. ....

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PB Fintech locks maiden profit for third quarter at Rs 37.2 crore

PB Fintech, the parent entity which operates insurance aggregator Policybazaar and credit marketplace Paisabazaar, has turned profitable and clocked its first ever net profit of Rs 37.2 crore for the third quarter ending December 31, 2023. ....

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