Why RBI banned Paytm
Why Paytm Share price falling
RBI BAN on Payment Payment Bank
The end of Paytm
Paytm 1000 users link to same PAN Number , Paytm on RBI and ED Lens
The central bank on January 31 said that Paytm Payments Bank will not be allowed to accept fresh deposits, undertake credit transactions, or top-ups in any customer accounts. This also includes prepaid instruments, wallets, FASTags, and NCMC cards, among others.
Paytm issues clarification: Paytm and Paytm Payments Bank not one entity and it cannot be, says Group CFO
the company said it will expand its existing relationships with leading third-party banks to distribute payments and financial services products. It will accelerate the plans and completely move to other bank partners,” and it will work only with other banks, and not with Paytm Payments Bank Limited.
In a message aimed at allaying user concerns, Paytm founder Vijay Shekhar Sharma took to X on Friday to assure the app's continued operation beyond February 29.
"To every Paytmer," Sharma wrote, addressing the platform's user base directly. "Your favourite app is working, will keep working beyond 29th February as usual."
1,000 se zyada users ke accounts mein paya gaya ki woh apne accounts ko ek hi Permanent Account Number (PAN) se jodte hain.
RBI aur auditors dono dwara conduct ki gayi verification processes mein, Paytm ki compliance report galat payi gayi.
Morgan Stanley Asia buys Rs 244 cr worth stake in Paytm for client
ED will probe Paytm Payments Bank if money laundering found, says revenue secretary Sanjay Malhotra
Bernstein said the RBI notification essentially meant ending the operations of Paytm payment bank. It is a definite negative development and adds to the heavy regulatory overhang on the business, it said.
Macquarie, a foreign brokerage, said the move would have serious implications, as it would significantly hamper Paytm's ability to retain customers in its ecosystem.
Motilal Oswal said it maintained a watchful stance on the resilience of Paytm's business model and its ability to navigate the uncertain regulatory and macro environment.
Jefferies says RBI restriction to have collateral impact on lending biz, cites risk to earnings, valuations
#learnify
#paytm
#paytmnews
#rbi
#sharemarket
#bseindia
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RBI BAN on Payment Payment Bank
The end of Paytm
Paytm 1000 users link to same PAN Number , Paytm on RBI and ED Lens
The central bank on January 31 said that Paytm Payments Bank will not be allowed to accept fresh deposits, undertake credit transactions, or top-ups in any customer accounts. This also includes prepaid instruments, wallets, FASTags, and NCMC cards, among others.
Paytm issues clarification: Paytm and Paytm Payments Bank not one entity and it cannot be, says Group CFO
the company said it will expand its existing relationships with leading third-party banks to distribute payments and financial services products. It will accelerate the plans and completely move to other bank partners,” and it will work only with other banks, and not with Paytm Payments Bank Limited.
In a message aimed at allaying user concerns, Paytm founder Vijay Shekhar Sharma took to X on Friday to assure the app's continued operation beyond February 29.
"To every Paytmer," Sharma wrote, addressing the platform's user base directly. "Your favourite app is working, will keep working beyond 29th February as usual."
1,000 se zyada users ke accounts mein paya gaya ki woh apne accounts ko ek hi Permanent Account Number (PAN) se jodte hain.
RBI aur auditors dono dwara conduct ki gayi verification processes mein, Paytm ki compliance report galat payi gayi.
Morgan Stanley Asia buys Rs 244 cr worth stake in Paytm for client
ED will probe Paytm Payments Bank if money laundering found, says revenue secretary Sanjay Malhotra
Bernstein said the RBI notification essentially meant ending the operations of Paytm payment bank. It is a definite negative development and adds to the heavy regulatory overhang on the business, it said.
Macquarie, a foreign brokerage, said the move would have serious implications, as it would significantly hamper Paytm's ability to retain customers in its ecosystem.
Motilal Oswal said it maintained a watchful stance on the resilience of Paytm's business model and its ability to navigate the uncertain regulatory and macro environment.
Jefferies says RBI restriction to have collateral impact on lending biz, cites risk to earnings, valuations
#learnify
#paytm
#paytmnews
#rbi
#sharemarket
#bseindia
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