Customers of Paytm Payments Bank Ltd (PPBL) received a frequently asked questions (FAQ) on March 15 regarding how to get a refund of their security deposit and minimum balance for FASTag accounts. Customers will no longer be able to add to or top off their balances after March 15. According to the Reserve Bank of…
Paytm Payments Bank: Reversing the banking licence is an unprecedented move that the Reserve Bank of India (RBI) may take with less than two weeks left before Paytm Payments Bank Limited (PPBL) shuts down, according to the Hindu Business Line. The banking regulator would be taking such an action for the first time in more…
Paytm stock: The Reserve Bank of India (RBI) may take the extraordinary step of canceling Paytm Payments Bank Limited (PPBL)’s banking licence, according to reports that caused the company’s shares to drop 3% in morning trade on March 4. PPBL has less than two weeks to quit operations. This would be the first time the…
Read More “Paytm stock drops 3% as rumors regarding the license of Paytm Payments Bank circulate” »
Paytm shares: Paytm and Paytm Payments Bank (PPBL) have mutually decided to terminate various inter-company agreements, which put One 97 Communications (Paytm) shares under scrutiny on Friday morning. According to Paytm’s BSE filing, the company & PPBL, its associate entity, have strengthened their approach to PPBL’s independent operations by introducing new measures. Paytm and Paytm…
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Vijay Shekhar Sharma resignation: Vijay Shekhar Sharma, the founder of Paytm, resigned as the associate company’s part-time non-executive chairman and withdrew as Paytm’s nominee from the Paytm Payments Bank board. Despite Vijay Shekhar Sharma resignation from the bank board, foreign brokerage Macquarie reportedly kept its “Underperform” rating on One 97 Communications Ltd. (Paytm) with a…
Paytm shares: For a third straight trading session, One 97 Communications Ltd. (Paytm) shares continued to rise in value. The stock surged 5% to reach Rs 376.45, its upper circuit limit. Three sessions have seen a 15.74 percent increase in the scrip. Paytm shares, The Reserve Bank of India (RBI) gave Paytm Payments Bank more…
Read More “Paytm shares have increased by 16% over the last three sessions” »
Paytm Payments Bank Crisis: In order to dispel any consumer doubts, the Reserve Bank of India (RBI) will release a separate list of frequently asked questions (FAQs) on fintechs sometime in the coming week, Governor Shaktikanta Das of the RBI informed reporters during the post-monetary policy committee (MPC) news conference on Thursday. The governor mentioned…
