Institutional Investor Advisory Services in the report said that Sharma should formally signal that he remains in control and give investors the comfort that he is the promoter and not someone who is "sitting in the shadows"
So far, Paytm Payments Bank Ltd (PPBL) has been undertaking this activity under in-principle authorisation from RBI
While increasing regulation can be a cause of uncertainty, there are several ways in which the fintech can leverage its existing merchant base
"Price Waterhouse Chartered Accountants LLP Statutory Auditors of material subsidiary i.e. Paytm Payments Services Limited (PPSL) have resigned with effect from August 7, 2023," One97 Communications, which operates under...
Before joining PPBL, Chawla was working with RBL Bank, where he served as Head - Branch Banking and focused on expanding the CASA base, fee revenue, and cross-selling across channels.
_1642149378.jpg "The central bank said Paytm Payments Services is required to re-submit its PA application within 120 calendar days")
Reserve Bank of India said Paytm Payments Services is required to re-submit its PA application within 120 calendar days
The company said the new platform can handle 10 times more payments traffic compared to its older platform
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The Reserve Bank of India (RBI) in March had barred Paytm Payments Bank from onboarding new customers, citing “material supervisory concerns” observed at the bank.
This move enables the company to create a long-term sustainable business in partnership with ONDC
Paytm reiterated its intention to make inroads in the general insurance sector, as it is extremely bullish about its potential
Earlier this month, Macquarie reduced the target price of stocks of One97 Communications Limited, Paytm's parent company by 36 per cent from Rs 700 to Rs 450.
The remarks come amid a steep decline in Paytm's shares, which are now trading 75 per cent lower than the price at which investors bought them at the initial...
Macquarie has cut the target price by 36 per cent for Paytm parent company One97 Communication, which is already facing heat from RBI restrictions and...
Annual inspections by the Reserve Bank of India found that the company’s servers were sharing information with China-based entities that indirectly own a...
Vijay Shekhar Sharma was allegedly driving a Jaguar Land Rover that hit the car of DCP (South district)
The bank has also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system, the RBI said in a release
