Thu, Aug 29, 2024
Good news for Paytm, Paytm will invest in its payment services business, got approval for downstream investment from Finance Ministry.
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Thu, Mar 14, 2024
Paytm Payments Bank: Transactions stopped in Paytm Payments Bank after March 15, will stop deposit and credit transaction service in the bank, efforts continue to add third party aggregator, shifting from payment bank to merchant account banks like #PhonePe, #GooglePay. Will become a party provider.
Paytm news: NPCI has granted approval to Paytm parent One97 Communications to participate in UPI as a third-party application provider (TPAP) under the multi-bank model. Here are five key takeaways from this big story.
Paytm Payments Bank deadline: Customers will not be able to use services like money withdrawal, cash transactions, UPI transactions, or FASTag.
Paytm Payments Bank: Auto debit mandates will continue to get executed till there is a balance available in your account. However, after March 15, 2024, credit or deposits in your accounts will not be allowed.
NPCI is on the verge of granting Paytm a third-party application provider license by March 15, while the RBI remains resolute on its deadline for Paytm Payments Bank to halt operations. This decision follows persistent non-compliances and regulatory concerns within Paytm Payments Bank, prompting the RBI to impose various restrictions.
Tue, Mar 12, 2024
As the March 15 deadline nears, understand the services available and unavailable after RBI's restrictions on Paytm Payments Bank. Learn about withdrawals, refunds, and more to navigate the changes smoothly. Watch now for essential updates!
Fri, Mar 08, 2024
RBI restrictions on Paytm Payments Bank mean existing FASTags can't be used after March 15. Close your FASTag now and get a new one from another issuer to avoid delays.
Tue, Mar 05, 2024
The Paytm Payments Bank Ltd (PPBL) has been facing legal trouble after the Reserve Bank directed it to stop accepting fresh deposits from customers with effect from February 29 -- a deadline which was later extended to March 15.
Sat, Mar 02, 2024
Paytm Payments Bank latest news: Paytm shares declined in a special trading session on Saturday after the Financial Intelligence Unit (FIU) imposed a penalty of Rs 5.49 crore on Paytm Payments Bank, the digital payments company's associate entity, for violations in reporting illegal money routed through its accounts. A Paytm Payments Bank spokesperson said the penalty pertains to issues within a business segment that was discontinued two years ago.
Fri, Mar 01, 2024
The Financial Intelligence Unit, under the finance ministry's revenue department, on Friday imposed a penalty of Rs 5.49 crore on Paytm Payments Bank.
Tue, Feb 27, 2024
Vijay Shekhar Sharma steps down from Paytm Payments Bank's chairman role as RBI imposes deposit and credit transaction bans after compliance issues. Board restructuring aims to address regulatory concerns.
Many important updates related to Paytm, resignation of Vijay Shekhar Sharma, Macquarie's report after new stir.. Know the complete news from Varun.
Mon, Feb 26, 2024
The Reserve Bank has barred the PPBL from accepting deposits and credits from any customer post-March 15 for persistent non-compliances and continued material supervisory concerns in the bank.
Fri, Feb 23, 2024
Paytm news: It has been further advised that in the event of NPCI granting TPAP status to OCL, it may be stipulated that ‘@paytm’ handles are to be migrated in a seamless manner from Paytm Payments Bank to a set of newly identified banks to avoid any disruption. No new users are to be added by the said TPAP until all the existing users are migrated satisfactorily to a new handle.
Tue, Feb 20, 2024
The scrip of crisis-hit fintech company surged 5 per cent each to Rs 376.45 and Rs 376.25 apiece -- its upper circuit limit -- on the BSE and NSE.
Fri, Feb 16, 2024
Paytm Payments Bank: Reserve Bank of India (RBI) has given additional time of 15 days to Paytm Payments Bank to continue services. Under this, the last date for ordering not to accept deposits or top-up in any customer account, prepaid product, wallet and FASTag has been extended till March 15.
RBI Paytm guidelines, RBI FAQs on Paytm Payments Bank, Paytm news: The RBI advised customers as well as merchants of Paytm Payments Bank to shift their accounts to other banks by March 15, giving 15 more days to the lender to close most of its operations including deposit and credit transactions.
Mon, Feb 12, 2024
Reserve Bank of India Governor Shaktikanta Das on Monday said there was "hardly any room" to review the action taken against Paytm Payments Bank.
Fri, Feb 02, 2024
Paytm Payments Bank, established in 2015, operates as a specialised banking entity and has been a pivotal partner for Paytm, holding all 330 million wallet accounts. Here are some key details about Paytm Payments Bank and the implications of the RBI's recent actions:
Wed, Jan 31, 2024
The RBI said in a statement that these audit reports showed long-term non-compliances and material supervisory concerns in the bank, warranting additional supervisory action.
Mon, Sep 25, 2023
Good news for Paytm, approval of PaymentServiceProvider license from Home Ministry is possible: News quoting sources, approval will be given if Ant Netherlands' share comes below 10%. With new shareholding, Paytm applied to Home Ministry. Good news for Paytm. Approval of PaymentServiceProvider license possible from Home Ministry: News quoting sources. Approval will be given if Ant Netherlands' share comes below 10%. Paytm applied to Home Ministry with new shareholding.
Fri, Jun 02, 2023
Unified Payments Interface-based transactions hit a new milestone in May with a staggering nine billion transactions worth Rs 14.89 lakh crore.
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