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BANKING LICENSE CANCELLATION
Paytm plans 10% staff increase in AI pivot, to lay off 400The increase would mark a roughly 10% increase in its headcount that stands at about 40,000 employees. Paytm is also laying off 1% of its s...- RBI cancels licence of Mumbai-based Sarvodaya Co-operative BankThe Reserve Bank of India has made the tough call to withdraw the license of Sarvodaya Co-operative Bank, a decision rooted in the bank's f...
- SBI cards sells Rs 1,800-crore bad loans to Integro FinservSBI Cards has taken a bold step in fortifying its financial health by offloading a considerable portion of its stressed credit card debt, v...
- Sun Pharma deal structurally strong, debt the only overhang: Amit KhuranaMarket expert Amit Khurana offers insights on key corporate and regulatory developments. Sun Pharma's acquisition is seen as strategically ...
- Paytm Payments Bank is finished. Ashvin Parekh on what it means for your money & your Paytm appThe RBI has cancelled Paytm Payments Bank's license. This formal step concludes a process that began in 2022. The winding-down process is n...
- Paytm shares crash 8% as RBI cancels Paytm Payments Bank's banking license. What lies ahead?Shares of One 97 Communications, the driving force behind Paytm, have taken a hit following the Reserve Bank of India's unexpected move to ...
- Stocks in news: RIL, IDFC First Bank, Paytm, Sun Pharma, Manappuram FinanceIndian markets faced pressure extending a corrective phase. Key companies like RIL, IDFC First Bank, and Paytm reported their financial res...
- RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upsideThe RBI has cancelled Paytm Payments Bank's license due to regulatory non-compliance, citing detrimental operations and prejudiced manageme...
- RBI cancels Paytm bank license, to approach high courtThe Reserve Bank of India has taken decisive action against Paytm Payments Bank by cancelling its banking licence. This means that the bank...
- RBI cancels licence of Satara-based Jijamata Mahila Sahakari BankThe Reserve Bank of India has cancelled the banking licence of Jijamata Mahila Sahakari Bank, Satara, citing inadequate capital and poor ea...
- RBI cancels licenses of two co-operative banksThe Reserve Bank of India (RBI) on Wednesday said it has cancelled the banking licenses of two co-operative banks in Maharashtra and Karnat...
- No interim stay on RBI order cancelling co-op bank's licenseThe Bombay High Court has refused to grant an interim stay on operation of the order passed by the Reserve Bank of India cancelling the lic...
- Reserve Bank of India says no to Axis Bank license cancel rumourThe rumour kept senior Axis management, its shareholders and depositors on the edge for the entire day. Its share price fell 2.54% to Rs 44...
- RBI cancels licenses of six Delhi-based NBFCsFollowing the cancellation of registration certificate, these companies cannot transact the business of a non-banking financial institution...
- RBI cancels registration certificate of Dectsche SecuritiesRBI said it has cancelled the certificate of registration of the NBFCs for carrying on the business of non-banking financial institution.
- Ratings agencies keep close watch on telecom spaceRatings agencies and analysts are keeping a close watch on the emerging situation in the telecom space post
- 2G: Indian banking sector should be able to absorb loan-losses, says FitchThe Indian banking sector should be able to absorb loan-losses stemming from the cancellation of 2G mobile licenses without materially impa...
- No basis point hike by RBI: Ramnath Pradeep, CMD, Corporation BankIn an interview with ET Now, Ramnath Pradeep, CMD, Corporation Bank, talks about the possible basis point hike by RBI as well as Corporatio...
- RBI cancels license of S K Patil BankThe Reserve Bank of India (RBI) has cancelled the license of S K Patil Bank in Kurudwad.
- RBI cancels license of a co-op bankRBI has cancelled the license of Maharashtra-based Chetak Urban Co-Operative Bank and allowed its customers to claim deposits up to Rs 1 la...
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