Search result for 'nodal account'

Finance Minister Nirmala Sitharaman confirms India's capital expenditure for FY26 has increased to Rs 11.21 lakh crore, refuting claims of a cut. Loans to states for capital expenditure have also...

Finance Minister Nirmala Sitharaman will meet fintech company heads next week to address regulatory concerns following Paytm Payments Bank's compliance issues.

Paytm shares jumped 5% on Monday after the fintech company announced a collaboration with Axis Bank for merchant settlements. The move comes after the Reserve Bank of India advised customers and...

Union Minister Rajeev Chandrasekhar stresses regulatory compliance is not optional for fintech firms, highlighting the RBI action on Paytm Payments Bank. Learn about the importance of compliance...

RBI advises Paytm Payments Bank customers to shift their accounts to other banks by March 15. The central bank has extended the deadline from February 29. Read more.

Paytm shifts its nodal account to Axis Bank, ensuring continuity of Paytm QR, Soundbox, and card machine operations after the RBI's March 15 deadline. Read more.

Paytm moves its nodal account to Axis Bank, ensuring smooth operation of Paytm QR, Soundbox, and card machines after the RBI deadline.

The Reserve Bank of India (RBI) has advised customers of Paytm Payments Bank to shift their accounts to other banks by March 15, 2024. The deadline was extended to allow customers more time to make...

Reserve Bank of India Governor Shaktikanta Das has ruled out any review of the central bank's action against Paytm Payments Bank, citing persistent non-compliances and supervisory concerns.

RBI Governor Shaktikanta Das has ruled out any review of the central bank's action against Paytm Payments Bank, stating that the decision was taken after a comprehensive assessment of the lender's...

Paytm CEO Vijay Shekhar Sharma assures users that the app will continue to function as usual despite RBI restrictions on Paytm Payments Bank. Learn more about the impact and Paytm's future plans.

Paytm's annual operational profit faces a significant hit as RBI bans Paytm Payments Bank from accepting deposits. The company plans to move services to other banks.

Paytm's annual operational profit will be impacted by Rs 300-500 crore after the RBI barred Paytm Payments Bank from accepting deposits. The company will shift to other bank partners for payments.

Paytm shares hit their lower circuit limit after the RBI ordered Paytm Payments Bank to stop accepting deposits. The order follows persistent non-compliances and supervisory concerns.

RBI's order to stop Paytm Payments Bank services will impact the company's annual operational profit by Rs 300-500 crore. Paytm will shift to other banks for its payment services.

The Reserve Bank of India (RBI) has barred Paytm Payments Bank from accepting deposits or top-ups after February 29, 2024, citing persistent non-compliances and supervisory concerns.

Reserve Bank of India (RBI) has directed Paytm Payments Bank to stop accepting deposits and other services after February 29, 2024, citing non-compliances.