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RBI's new draft guidelines have digital wallets feeling the pinchFounders and senior industry executives told ET that the new draft guidelines released by the RBI on April 22, if implemented in the curren...- Fintechs trade the wild west for regulatory licencesIndia's leading fintech firms, once disruptors, are now actively seeking regulatory licenses to ensure sustainable growth. Companies like P...
- 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...
- 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...
- Paytm Payments Services receives RBI authorisation for offline and cross-border paymentsThis enables PPSL to offer end-to-end payment aggregation services across all key segments -- online, offline, and cross-border. With this,...
- Paytm AGM: Vijay Shekhar Sharma repeats intention to reapply for payment aggregator license to RBI in due coursePaytm's Vijay Shekar Sharma announced during the company's Annual General Meet that they will reapply for a payment aggregator license to R...
- Paytm shares rally 5% on getting govt nod for downstream investment in payments armPaytm Share Price: Paytm shares saw a 5% increase after approval from the finance ministry for investment in its payment services business....
- Hot stocks: Brokerage view on Paytm, Vodafone Idea and Jana Small Finance BankBrokerage firms UBS, Jefferies, Citi, and Investec have offered varied ratings on Indian stocks. UBS and Jefferies give Paytm neutral and h...
- Paytm may get NPCI nod for third-party application license but no relief for banking arm beyond March 15: ReportThe National Payments Corp of India (NPCI) is expected to grant a third-party application provider license to Paytm, also known as One 97 C...
- Jefferies temporarily suspends rating on Paytm but falls short of stopping coverageJefferies temporarily suspends coverage on Paytm due to uncertain valuation, pending RBI regulatory actions, potential merchant/user attrit...
- Paytm CEO Vijay Shekhar Sharma, officials meet RBI to discuss regulatory concerns: SourcesPaytm CEO Vijay Shekhar Sharma met with the Reserve Bank of India (RBI) to discuss addressing regulatory concerns after the RBI imposed res...
- Paytm Crisis: When Raghuram Rajan bet on the payments bank plan to test innovation boundariesPaytm is facing a regulatory curb by Mint Street. Former RBI Governor Raghuram Rajan had warned about Paytm's likely discomfort with regula...
- View: Paytm crisis shows RBI under Raghuram Rajan didn't think about orderly resolution. Who loses now?The RBI’s unhappiness isn’t new. It stopped Paytm Payments Bank from onboarding fresh customers nearly two years ago. Last year, while impo...
- Paytm's Plight: India’s fintech pioneer has lost more than its bankInvestors question if Paytm Payments Bank can thrive without regulator's trust. The Reserve Bank of India's ban on deposit or credit transa...
- RBI to Paytm: Reapply for payment aggregator licence within 120 daysThe central bank has also directed the payment firm not to onboard new online merchant
- Paytm unit seeks RBI exemption from NBFC tagIf a firm is categorised as an NBFC, it must have to apply from a license from RBI to continue its operations. Finance companies have capit...
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