India's popular digital payments company, Paytm, is in turmoil as the RBI orders its payment bank to halt operations. The CEO remains optimistic amid challenges.
India's digital payments firm, Paytm, faces a crisis as the Reserve Bank of India (RBI) directs the closure of its payment bank subsidiary, causing a 20% plunge in its market value. CEO Vijay Shekhar Sharma expresses confidence despite the setback, assuring partnerships with banks. Collaborative efforts from stakeholders show support for Paytm's CEO and the company's future. The sudden halt of Paytm's banking unit raises concerns about compliance and data flows, impacting its stock price significantly. Despite challenges, Paytm aims to continue operations beyond the tumultuous period, emphasizing the importance of regulatory compliance over technology innovation.
THE Reserve Bank of India (RBI) on Wednesday (Jan 31) ordered Paytm Payments Bank, a unit of One 97 Communications, to stop its popular mobile wallet ...
Indian digital payments firm Paytm lost a fifth of its market value on Thursday after the central bank ordered its payment bank subsidiary to halt its ...
On behalf of Paytm, this is more of a speed bump, but we believe in partnership of the banks and we will be able to see to the same in the next few days, ...
Paytm, in a update earlier today, said it has been informed that the RBI move does not impact user deposits in their savings accounts, Wallets, FASTags, ...
India's banking regulator stunned the finance and tech industries by abruptly suspending much of digital giant Paytm's business late Wednesday.
Paytm founder Vijay Shekhar Sharma held an analyst call post the Reserve Bank of India's actions on Paytm Payments Bank during which he called the move a ...
The RBI curbs on Paytm Payments Bank has led the startup ecosystem stakeholders like founders, VCs to come together in favour of Paytm CEO, Vijay Shekhar ...
Paytm stock price went down today, 01 Feb 2024, by -0.01 %. The stock closed at 761.1 per share. The stock is currently trading at 761 per share.
One of India's most popular payments companies, Paytm , is facing its biggest crisis after the country's central bank ordered its banking unit to stop ...
The transaction which happened via a bulk deal, was two months before the RBI on Wednesday ordered Paytm Payments Bank to stop accepting fresh deposits in ...
This comes after, the Reserve Bank of India (RBI) issued a directive, instructing Paytm Payments Bank to cease accepting new deposits in its accounts or ...
Paytm share price BSE, RBI ban on Paytm Payments Bank: The Reserve Bank's action against Paytm Payments Bank follows a comprehensive system audit report and ...
The Reserve Bank of India's closure of Paytm Payments Bank reportedly followed warnings about the relationship between Paytm and its banking business.
The RBI, in a statement, disclosed that an audit report uncovered "persistent non-compliances and ongoing significant supervisory concerns within the bank, ...
(Bloomberg) -- India's banking regulator stunned the finance and tech industries by abruptly suspending much of digital giant Paytm's business late ...
Paytm's Chief Executive Officer Vijay Shekhar Sharma addresses at Global Fintech Fest 2022, in Mumbai. Paytm's Chief Executive Officer Vijay Shekhar Sharma | ...
Paytm said its marketing and financial services business are not affected due to directions towards associate company PPBL but there will be requirement to ...
Paytm crisis: Founders of Indian startups come in support of Paytm's Vijay Shekhar Sharma after RBI orders payment bank to halt business.
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SHARES of Indian digital payments firm Paytm tumbled to near record lows on Friday (Feb 2) after a central bank clampdown on its payments bank continued to ...
The massive erosion in Paytm's stock price is the result of the RBI's stringent action whereby it has prohibited Paytm Payments Bank Limited (PPBL) from ...
INDIAN digital payments firm Paytm saw its shares plunge by its daily limit of 20 per cent for a second straight day after the central bank ordered its ...
The central bank further underlined that the steps were taken as Paytm Payments Bank was โpersistent non-compliances and continued material supervisory concerns ...
Digital payments and services app Paytm is working and will continue to work as usual even after February 29,โ its CEO Vijay Shekhar Sharma said on February ...
On February 2, 2024, Paytm shares experienced a 20% decline, opening at a 52-week low of INR 487.20 on the BSE.
Paytm's NSE shares dropped 20% to Rs 487.20. According to a report on India Today, for the second straight trading session, shares of One97 Communications, ...