Search result for 'payments bank'

Paytm Gets SEBI Warning Over Related Party Transactions

July 16, 2024 13:24

Paytm's parent company, One 97 Communications, received an administrative warning from SEBI for exceeding related party transactions with Paytm Payments Bank in FY22 without proper approvals.

Jio Financial Services Q1 Profit Down 6% to Rs 313 Crore

July 15, 2024 20:51

Jio Financial Services reported a 6% decline in net profit to Rs 313 crore in Q1 FY24, with total income rising marginally. The company is expanding into new areas like home loans and wealth...

Insurance Act Amendment Bill: Key Provisions & Impact

July 14, 2024 13:01

India's government is set to introduce an amendment bill to the Insurance Act, 1938, with provisions like composite licenses and eased capital norms, aiming to increase insurance penetration and...

Softbank Exits Paytm at USD 150 Million Loss

July 13, 2024 18:48

Softbank Vision Fund exited Paytm in the June quarter at a loss of around USD 150 million, marking a departure from its 2017 investment. The exit comes as Paytm's share price has struggled to match...

Paytm Shares Surge 8%, Market Cap Jumps Rs 2,279 Cr

July 8, 2024 17:59

One97 Communications, parent of Paytm, saw its shares soar over 8% after Vijay Shekhar Sharma announced his ambition to build a USD 100 billion company. Learn more about the company's market...

Paytm Founder: We Should Have Done Better After RBI Action

July 6, 2024 20:37

Paytm founder Vijay Shekhar Sharma acknowledges shortcomings in response to RBI action on Paytm Payments Bank, highlighting the need for better responsibility fulfillment. He discusses the impact...

IPPB Launches International Money Remittance with Ria Money

June 19, 2024 14:21

India Post Payments Bank (IPPB) partners with Ria Money Transfer to offer inward money remittance service from overseas to India. Learn more about the service and its benefits.

JioFinance App Launched in Beta: UPI, Digital Banking & More

May 30, 2024 18:07

Jio Financial Services unveils 'JioFinance' app in beta, offering UPI, digital banking, insurance advisory, and more. Explore seamless financial management.

Paytm Stock Surges 5% for Second Day on Adani Rumor

May 30, 2024 12:57

Paytm stock hit its upper circuit limit for the second day on reports of Adani Group potentially acquiring a stake, though both companies denied talks.

Paytm, Adani Group Deny Stake Sale Talks

May 29, 2024 12:07

Paytm and Adani Group have denied reports of a potential stake sale. Both companies have termed such speculation as false and untrue.

Airtel Payments Bank Profit Surges 60% in FY24

May 22, 2024 18:03

Airtel Payments Bank reported a 60% year-on-year surge in profit to Rs 34.5 crore in FY24, driven by strong customer growth and digital offerings.

Paytm Q4 Loss Widens to Rs 550 Crore - Business News

May 22, 2024 09:51

Paytm's Q4 FY24 loss widens to Rs 550 crore, with revenue declining by 2.8% year-on-year. The company's annual revenue, however, increased by 25%.

Paytm Parent One97 Shares Plunge 5% After COO Resignation

May 6, 2024 11:12

Shares of Paytm's parent company, One97 Communications, plummeted 5% on Monday after its president and COO, Bhavesh Gupta, resigned. The decline was attributed to Gupta's departure and the RBI's...

Paytm COO Bhavesh Gupta Resigns, Company Rejigs Leadership

May 4, 2024 21:20

Paytm's COO Bhavesh Gupta has resigned, taking a career break. The company has also made changes to its leadership structure, appointing Rakesh Singh as CEO of Paytm Money.

Ugro Capital Acquires Fintech Firm MyShubhLife for Rs 45 Cr

May 2, 2024 19:49

Ugro Capital has acquired MyShubhLife, an embedded finance fintech platform, for Rs 45 crore. The acquisition is expected to enhance Ugro's MSME lending capabilities.

Airtel Payments Bank CEO: Fin Inclusion, Digital Growth to Drive Momentum

May 2, 2024 16:28

Airtel Payments Bank CEO sees strong growth potential for payments banks in India, driven by financial inclusion and rapid digitalization. Read more on the company's growth plans and the...

Fino Payments Bank Profit Jumps 14% to Rs 25.21 Cr in Q4

April 30, 2024 20:58

Fino Payments Bank reported a 14% rise in Q4 profit to Rs 25.21 crore, driven by strong revenue growth and increased customer base. The bank also achieved the milestone of 1 crore customers.

Paytm Launches Made-in-India Soundboxes for UPI & Credit Card Payments

April 22, 2024 18:48

Paytm introduces new 4G soundboxes enabling UPI and credit card payments, offering superior sound quality and battery life, made in India. Read more.

Jio Financial Shares Surge 3% to 52-Week High on Q4 Earnings

April 22, 2024 16:59

Jio Financial Services shares climbed over 3% to hit a 52-week high after reporting a 6% rise in consolidated net profit for the quarter ending March 2024.

Jio Financial Shares Surge 4% to 52-Week High on Q4 Earnings

April 22, 2024 12:14

Jio Financial Services shares climbed 4% to a 52-week high after reporting a 6% rise in Q4 net profit. The company's strong performance boosted investor confidence.

Jio Financial Q4 Profit Up 6% to Rs 311 cr | Business News

April 19, 2024 18:57

Jio Financial Services reports a 6% increase in net profit to Rs 311 crore for the fourth quarter ended March 2024, driven by improved income. Learn more about the company's financial performance...

RBI Governor Das: No System-Wide Problem with NBFCs

April 5, 2024 17:02

RBI Governor Shaktikanta Das says there is no system-wide problem with NBFCs, despite recent actions against two firms. He clarifies the actions were taken after observing issues in loan processing...

Paytm Founder on Regulatory Engagement & Asia Leadership

March 5, 2024 22:17

Paytm founder Vijay Shekhar Sharma acknowledges the importance of regulatory engagement and outlines his vision to establish Paytm as a leader in Asia's financial landscape.

Paytm Payments Bank Fined Rs 5.49 Crore by FIU for PMLA Violations

March 5, 2024 17:18

Paytm Payments Bank fined Rs 5.49 crore by FIU for failing to detect and report suspicious transactions under PMLA. The bank also failed to conduct due diligence on its payout service.

Paytm Shares Decline After FIU Penalty

March 2, 2024 14:10

Paytm shares dropped over 2.5% after the Financial Intelligence Unit imposed a Rs 5.49 crore penalty on Paytm Payments Bank for violating anti-money laundering laws.

Paytm Payments Bank Fined Rs 5.49 Cr for Money Laundering

March 1, 2024 20:40

Paytm Payments Bank has been penalized Rs 5.49 crore by the FIU for violating anti-money laundering laws. The penalty stems from illegal activities like online gambling, where proceeds were routed...

FIU Fines Paytm Payments Bank Rs 5.49 Crore for Money Laundering

March 1, 2024 20:29

FIU-India has imposed a Rs 5.49 crore penalty on Paytm Payments Bank for violating anti-money laundering rules, the Finance Ministry said. The penalty follows an RBI directive barring the bank from...

FIU Fines Paytm Payments Bank Rs 5.49 Cr for Money Laundering Violations

March 1, 2024 19:12

The Financial Intelligence Unit-India (FIU-IND) has imposed a Rs 5.49 crore penalty on Paytm Payments Bank for violating anti-money laundering rules.

Paytm Shares Surge 5% on Discontinued Pacts with Paytm Payments Bank

March 1, 2024 16:53

Paytm shares soared 5% on Friday, hitting the upper circuit limit, after the company announced discontinuing inter-company agreements with Paytm Payments Bank to reduce dependencies. This move...

Paytm Shares Surge 5% After Discontinuing Pacts with Payments Bank

March 1, 2024 11:47

Paytm shares jumped 5% after the company announced the discontinuation of inter-company agreements with Paytm Payments Bank to reduce dependencies. The move comes amid RBI scrutiny of the payments...

Paytm, Paytm Payments Bank End Pacts Amid RBI Probe

March 1, 2024 09:25

Paytm and Paytm Payments Bank have discontinued inter-company agreements to reduce dependencies following RBI's action on PPBL over non-compliance and concerns. The move aims to strengthen PPBL's...

SoftBank Cuts Stake in Paytm Parent One97

February 29, 2024 20:30

SoftBank's SVF India Holdings has reduced its stake in One 97 Communications, the parent company of Paytm, by 2.17% through open market sales. The move comes as Paytm Payments Bank faces regulatory...

NHAI Extends 'One Vehicle, One FASTag' Deadline to March-end

February 28, 2024 20:37

NHAI is likely to extend the 'One Vehicle, One FASTag' initiative deadline to March-end due to issues faced by Paytm FASTag users. The initiative aims to enhance toll collection efficiency.

RBI Mandates Climate Risk Disclosure for Banks, NBFCs

February 28, 2024 18:47

The Reserve Bank of India (RBI) proposes new norms requiring banks and NBFCs to disclose climate-related financial risks, aiming to improve transparency and assess potential impacts.

Paytm Shares Hit Lower Circuit: RBI Crackdown

February 28, 2024 11:37

Paytm shares plunged 5% to hit a lower circuit limit on Wednesday, following the RBI's crackdown on Paytm Payments Bank over compliance issues. Vijay Shekhar Sharma stepped down as chairman of...

Paytm Shares End Lower After Hitting Circuit Limit

February 27, 2024 17:17

Paytm shares closed marginally lower on Tuesday after hitting the upper circuit limit in intra-day trade. The stock exhibited volatility, falling to a low of Rs 413.55 before ending at Rs 427.50.

Paytm Shares Hit Upper Circuit Limit, Jump 5% - Paytm News

February 27, 2024 10:51

Paytm shares surged 5% on Tuesday, hitting the upper circuit limit for the day, following a volatile session. The rise comes amid RBI's crackdown on Paytm Payments Bank.

Sitharaman Urges RBI to Meet Startups, Fintechs Monthly

February 26, 2024 22:05

India's finance minister calls for regular communication between RBI and startups, fintechs to address concerns. The meeting comes amid regulatory scrutiny of the fintech industry.

Paytm Payments Bank Crisis: Vijay Shekhar Sharma Resigns, Board Reconstituted

February 26, 2024 21:44

Vijay Shekhar Sharma steps down as Paytm Payments Bank Chairman amid RBI crackdown over non-compliance. The bank appoints new board members with extensive banking experience to ensure compliance...

RBI to Meet Startups, Fintech Firms Monthly: Sitharaman

February 26, 2024 20:42

Finance Minister Nirmala Sitharaman has asked the RBI to hold monthly meetings with startups and fintech firms to address their concerns. The move comes after RBI's action against Paytm Payments Bank.

Vijay Shekhar Sharma Resigns as Paytm Payments Bank Chairman

February 26, 2024 20:26

Vijay Shekhar Sharma has stepped down as Chairman of Paytm Payments Bank. The bank's board has been reconstituted following restrictions by the Reserve Bank of India.

Sitharaman Meets Fintech CEOs: Regulatory Compliance Focus

February 26, 2024 18:23

Finance Minister Nirmala Sitharaman held a meeting with top fintech executives to discuss regulatory issues and compliance. The meeting comes after RBI's action against Paytm Payments Bank.

Fintech Regulation Reassessment: Boosting Sector && Easing Compliance

February 26, 2024 15:05

Experts call for regulatory reassessment in India's growing fintech sector to foster innovation, ease compliance burden, and ensure consumer protection.

Paytm Advisory Panel Discusses Terms of Reference

February 26, 2024 12:41

Paytm's advisory committee, led by former Sebi chairman M Damodaran, is engaging with the company on its terms of reference. The panel was set up after the RBI's action on Paytm's payments bank...

Paytm Shares Surge on RBI's Move to Migrate Customers

February 26, 2024 11:38

Paytm shares hit upper circuit after RBI asked NPCI to examine migration of Paytm Payments Bank customers. The central bank aims to minimize concentration risk in the UPI system.

Paytm Advisory Panel Discusses Terms of Reference

February 26, 2024 00:52

Paytm advisory panel, headed by former Sebi chairman M Damodaran, is discussing terms of reference with the company following RBI action on its payments bank.

Paytm Advisory Panel Yet to Identify Issues: Damodaran

February 25, 2024 21:36

Paytm's advisory panel, headed by former Sebi chairman M Damodaran, is yet to delve deep into the company's issues following RBI's action on its payments bank. Damodaran says the panel is still in...

ICAI to Review Paytm Issue, Byju's Scrutiny Progressing

February 25, 2024 17:57

ICAI's financial reporting review board may consider Paytm Payments Bank Ltd issues, while the review of Byju's is progressing well. The board is empowered to review financial statements of listed...

Paytm UPI Handle Migration: RBI Asks NPCI To Help

February 23, 2024 18:45

The Reserve Bank of India (RBI) has asked NPCI to facilitate migration of Paytm UPI handles to other banks to prevent disruptions after Paytm Payments Bank was barred from accepting deposits.

Paytm UPI Operations: RBI Asks NPCI to Examine TPAP Role

February 23, 2024 17:57

RBI has asked NPCI to examine the possibility of it becoming a TPAP for Paytm's UPI operations after the central bank barred Paytm Payments Bank from accepting further credits.

RBI Asks NPCI to Help Paytm App Continue UPI Operations

February 23, 2024 16:37

Reserve Bank of India asks NPCI to examine the possibility of Paytm Payments Bank becoming a TPAP for continued UPI operations of the Paytm app.

Google Pay Expands Soundpods Amid Paytm Crisis

February 23, 2024 00:30

Google Pay announces expansion of Soundpods across India, offering QR code payment confirmation for merchants. This comes as Paytm Payments Bank faces challenges.

Uday Kotak: Regulators Shouldn't Be Too Conservative, Need Fast Response

February 21, 2024 18:47

Veteran banker Uday Kotak urges regulators to be swift in addressing financial sector 'accidents' while maintaining a balanced approach. He highlights the importance of a dynamic regulatory...

Paytm Shares Hit Upper Circuit for Fourth Day | Business News

February 21, 2024 11:49

Shares of One97 Communications, the parent company of Paytm, hit the upper circuit limit for the fourth straight session on Wednesday, closing at Rs 395.25 on the BSE and Rs 395.05 on the NSE. The...

FinMin to Meet Fintech CEOs Amid Paytm Issue

February 20, 2024 15:51

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

Paytm Shares Hit Upper Circuit for Third Straight Session

February 20, 2024 12:39

Paytm's parent firm One97 Communications shares rallied 5% for the third consecutive day, touching the upper circuit limit at Rs 376.45. The rise comes despite ED's investigation into Paytm...

Paytm Shares Surge 5% on Axis Bank Collaboration

February 19, 2024 11:29

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...

RBI Action on Paytm Payments Bank: Fintech Compliance Focus - Chandrasekhar

February 18, 2024 12:09

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 Asks Paytm Payments Bank Customers to Shift by March 15

February 16, 2024 22:02

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 Nodal Account to Axis Bank: Continuity of Transactions

February 16, 2024 20:34

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 Shifts Nodal Account to Axis Bank: Continuity of Transactions

February 16, 2024 20:03

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

RBI Asks Paytm Payments Bank Customers to Switch by March 15

February 16, 2024 19:25

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...

Paytm Shares Rebound After 3-Day Decline: Up 5%

February 16, 2024 18:20

Paytm shares rose 5% on Friday after three days of decline following regulatory scrutiny of its payments bank. The stock hit its upper circuit limit on BSE and NSE.

RBI Extends Deadline for Paytm Payments Bank to March 15

February 16, 2024 17:40

RBI grants Paytm Payments Bank 15 more days to stop deposits and transactions until March 15, 2024, citing customer convenience and public interest.

RBI Official: Cryptocurrencies Have No Value, Systemic Risk

February 16, 2024 17:32

RBI executive director P Vasudevan says cryptocurrencies lack underlying value and pose a systemic risk, calling for government intervention.

FASTag: Paytm Payments Bank Removed From Authorized Issuers

February 16, 2024 11:24

IHMCL has removed Paytm Payments Bank from the list of authorized FASTag issuers due to regulatory concerns. Find out which banks are still authorized to issue FASTags.

FASTag: Paytm Payments Bank Removed from Authorised List - IHMCL

February 16, 2024 10:40

IHMCL, the toll collecting arm of NHAI, has removed Paytm Payments Bank from the list of authorised banks for FASTag issuance. Learn about the authorized banks and the latest updates on FASTag.

Paytm Shares Hit Lower Circuit for Third Day: ED Probe

February 15, 2024 18:52

Paytm shares continued their downward slide, hitting the lower circuit limit for the third consecutive day after the Enforcement Directorate questioned its senior executives. The ED is conducting a...

ED Questions Paytm Executives: RBI Action Probe

February 15, 2024 11:11

The Enforcement Directorate is probing Paytm after the RBI barred Paytm Payments Bank from accepting deposits. The agency is examining documents and questioning executives.

RBI Stops Visa, Mastercard Commercial Card Payments: KYC Concerns

February 14, 2024 22:52

The Reserve Bank of India has asked Visa and Mastercard to stop card-based commercial payments due to concerns over KYC compliance, affecting businesses and fintechs.

Paytm Faces ED Probe, Deposit Freeze: Details - PTI

February 14, 2024 21:21

Paytm and its payments bank have received notices and requests for information from the ED regarding customer transactions. The company''s shares have plunged amid the investigation and...

Paytm Shares Plunge 10% on FEMA Probe, Extend Losses - Moneycontrol

February 14, 2024 17:49

Paytm shares tanked 10% on Wednesday after reports of a preliminary inquiry against Paytm Payments Bank Ltd for alleged FEMA violations. The stock hit its 52-week low.

Paytm Loan Sanctioning Restart: Timeline Ends Feb 14

February 13, 2024 22:37

Paytm's loan sanctioning restart timeline ends on Feb 14, following operational challenges and an RBI restriction on Paytm Payments Bank. Learn more.

Paytm Hiring Amidst Crisis: Top Talent Still Interested

February 13, 2024 21:48

Despite regulatory challenges, Paytm continues hiring for product and business roles, with recruitment partners reporting strong interest from top talent in India.

Paytm Shares Plunge 10% After RBI Ruling

February 13, 2024 16:46

Paytm shares hit their lower circuit limit after RBI refused to review its action against Paytm Payments Bank, citing concerns over non-compliance. The stock closed at Rs 380 on NSE and BSE.

Paytm Shares Plunge 8% Hit 52-Week Low

February 13, 2024 12:06

Paytm shares plummeted nearly 8% after RBI Governor Das ruled out a review of the central bank's action against Paytm Payments Bank, citing persistent non-compliances and supervisory concerns.

Paytm Bank Director Resigns Amidst RBI Action

February 12, 2024 21:56

Paytm Payments Bank independent director Manju Agarwal has resigned, citing personal reasons. This follows RBI's order to stop accepting deposits from Paytm Bank.

RBI Rules Out Paytm Payments Bank Review: No Relaxations

February 12, 2024 18:41

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 to Issue FAQ on Paytm Payments Bank Action - Latest News

February 12, 2024 18:09

The Reserve Bank of India will release FAQs addressing customer concerns regarding Paytm Payments Bank's deposit freeze. The FAQs will prioritize customer interests and provide clarity on the...

RBI Rules Out Review of Paytm Payments Bank Action

February 12, 2024 16:51

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...

RBI Governor on Paytm Payments Bank Action: No Room for Review

February 12, 2024 15:56

RBI Governor Shaktikanta Das says there is no room to review the action taken against Paytm Payments Bank for violating regulations. The central bank emphasizes its commitment to customer...

Paytm Assures Service Continuity Amidst Bank Crisis

February 11, 2024 19:04

Paytm assures its merchants of uninterrupted services despite the RBI's restrictions on Paytm Payments Bank. Leading companies back Paytm, highlighting its service quality and contribution to...

Govt Examines FDI from China in Paytm Payments

February 11, 2024 17:39

The Indian government is scrutinizing foreign direct investment from China in Paytm Payments Services Ltd, raising concerns about potential security risks and compliance with FDI rules.

Sovereign Gold Bond Price Fixed at Rs 6,263/gm

February 9, 2024 21:49

The issue price for the next tranche of Sovereign Gold Bonds has been set at Rs 6,263 per gram. The scheme opens for subscription on Monday, February 12th and closes on February 16th.

RBI Raises Non-Executive Director Remuneration to Rs 30 Lakh

February 9, 2024 20:08

The Reserve Bank of India (RBI) has increased the maximum remuneration for non-executive directors in private banks to Rs 30 lakh per annum, up from Rs 20 lakh. The move aims to attract qualified...

Paytm Forms Advisory Panel Amid Regulatory Scrutiny

February 9, 2024 19:50

Paytm sets up a group advisory committee headed by former Sebi Chairman M Damodaran to address compliance and regulatory issues after its payments bank faced action for non-compliance with RBI norms.

Airtel Payments Bank Sees Surge in New Customers

February 9, 2024 17:57

Airtel Payments Bank reports a significant increase in new customer applications for bank accounts and FASTag, potentially driven by recent RBI action against Paytm Payments Bank.

Paytm Shares Plunge 15% in 2 Days: RBI Crackdown Impact

February 9, 2024 17:07

Paytm shares have fallen over 15% in two days after the Reserve Bank of India imposed restrictions on Paytm Payments Bank. The stock has been on a downward trend following the RBI's crackdown on...

Paytm Shares Plunge 9%, Extend Losses - PTI

February 9, 2024 15:54

Paytm shares tanked nearly 9% on Friday, extending losses for the second day. The decline follows an RBI order restricting Paytm Payments Bank's operations. Read more.

Paytm Shares Plunge 9% for 2nd Day: RBI Crackdown Impact

February 9, 2024 12:08

Paytm shares extended their decline, falling nearly 9% on Friday, following the Reserve Bank of India's crackdown on Paytm Payments Bank. The stock has tumbled over 42% in the past week.

Paytm Payments Bank Director Resigns After RBI Restrictions

February 8, 2024 22:32

Paytm Payments Bank's independent director resigned following RBI restrictions on the bank's operations. The RBI has imposed several penalties on the bank for non-compliance with regulations.

Paytm App Unaffected by RBI Action on Paytm Payment Bank

February 8, 2024 20:40

The Reserve Bank of India clarifies that its regulatory action against Paytm Payment Bank Ltd does not impact the Paytm app. Banks may partner with Paytm wallet after due diligence.

Paytm Shares Plunge 10% After RBI Crackdown

February 8, 2024 17:00

Paytm shares hit lower circuit limit on Thursday, eroding market valuation by Rs 3,153.18 crore, following the Reserve Bank of India's crackdown on the company's payments bank.

RBI Action on Paytm: Non-Compliance, No Systemic Risk

February 8, 2024 16:52

The Reserve Bank of India (RBI) clarifies that the action against Paytm Payments Bank is due to persistent non-compliance with regulations and emphasizes no systemic concerns.

Paytm Shares Plunge 9% After RBI Crackdown

February 8, 2024 10:54

Paytm shares fell over 9% on Thursday after a two-day rally, following the Reserve Bank of India's crackdown on Paytm Payments Bank. The stock has tumbled over 42% since February 1.

RBI to Deal with Paytm Issue, Says Financial Services Secretary

February 7, 2024 19:31

Financial Services Secretary Vivek Joshi says the RBI will handle the Paytm issue, while the government has no involvement. The RBI has taken action against Paytm Payments Bank for non-compliance,...

Paytm Shares Surge 10%, Continue Recovery

February 7, 2024 16:45

Paytm shares climbed for the second consecutive day, rising 10% on Wednesday, fueled by a rebound after the RBI's crackdown. The stock's market valuation has recovered significantly.

Paytm Shares Surge 10% for 2nd Day After RBI Crackdown

February 7, 2024 11:19

Paytm shares climbed 10% on Wednesday after the company's recovery journey following the RBI's crackdown on Paytm Payments Bank. Learn more about the stock's recent performance.

FIU, ED Probe Paytm: RBI Report Sought

February 6, 2024 18:28

The Enforcement Directorate and the Financial Intelligence Unit have sought a report from the RBI on its recent action to bar Paytm Payments Bank from accepting deposits. The agencies are probing...

HDFC Bank 'Talking' to Paytm Amidst RBI Restrictions - Executive

February 6, 2024 18:20

HDFC Bank confirms discussions with Paytm as the fintech faces RBI restrictions, while witnessing increased traction for its own payment services. The bank is also launching a new mobile app and...

Paytm Shares Rebound After RBI Crackdown

February 6, 2024 17:18

Paytm shares rebounded on Tuesday after three days of sharp decline following the RBI's crackdown on Paytm Payments Bank. The stock ended the day up over 3%.

Paytm Shares Rebound After RBI Crackdown

February 6, 2024 11:24

Paytm shares surged on Tuesday, rebounding after three days of heavy losses triggered by the RBI's crackdown on its payments bank. The stock jumped over 7% on both BSE and NSE.

Paytm UPI Services Continue Despite RBI Restrictions

February 5, 2024 21:22

Paytm confirms UPI services will continue despite RBI restrictions on Paytm Payments Bank. The company is working with other banks to ensure seamless service.

Paytm Shares Hit Lower Circuit Limit for 3rd Day

February 5, 2024 11:13

Paytm shares continued to fall, hitting the lower circuit limit for the third consecutive day after the RBI's crackdown on Paytm Payments Bank. The stock has lost over 42% in three days, wiping out...

Paytm Denies ED Money Laundering Probe: No Investigation Against Company or CEO

February 4, 2024 22:35

Paytm clarifies that neither the company nor its CEO are being investigated by the Enforcement Directorate for money laundering. The company says it has cooperated with authorities in the past.

Vijay Shekhar Sharma: Paytm Founder's Rise & Controversies

February 4, 2024 16:39

Explore the journey of Vijay Shekhar Sharma, Paytm founder, from fintech success to controversies surrounding the company's Chinese investments and regulatory hurdles.

Paytm Payments Bank Crisis: Explained

February 4, 2024 15:44

RBI orders Paytm Payments Bank to halt operations, affecting millions of users. Understand the crisis, impact on customers, and alternative options.

CAIT Advises Traders to Switch from Paytm: RBI Restrictions

February 4, 2024 15:26

CAIT urges traders to switch from Paytm to other payment options following RBI curbs on Paytm wallet and bank operations due to money laundering concerns.

Paytm Bank Banned by RBI: Money Laundering Concerns & KYC Violations

February 3, 2024 22:26

Reserve Bank of India bans Paytm Payments Bank due to money laundering concerns and non-compliance with KYC regulations. The bank is barred from accepting deposits and conducting credit transactions.

SBI Open to Paytm Customers After RBI Order - Latest News

February 3, 2024 19:46

SBI Chairman Dinesh Kumar Khara says the bank is ready to help Paytm customers affected by the RBI's order to stop its operations. Learn more about the latest developments.

Paytm Bank Banned by RBI: Money Laundering Concerns & KYC Violations

February 3, 2024 17:35

RBI has banned Paytm Payments Bank from taking deposits and conducting transactions due to concerns over money laundering and KYC non-compliance. The move comes after investigations by the ED and a...

Morgan Stanley Invests Rs 244 Crore in Paytm

February 2, 2024 20:50

Morgan Stanley has acquired a 0.8% stake in Paytm's parent company, One97 Communications, for Rs 244 crore. The investment comes amidst Paytm Payments Bank facing regulatory scrutiny.

Paytm App to Continue Working After Feb 29: CEO

February 2, 2024 11:28

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 Shares Tank 20% After RBI Ban on Deposits

February 2, 2024 10:14

Paytm shares hit a fresh lower circuit limit after the RBI barred Paytm Payments Bank from accepting deposits. The company's market cap has eroded by Rs 17,378 crore in two days.

Paytm Faces Rs 300-500 Cr Blow After RBI Ban on Deposits

February 1, 2024 22:14

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 Faces Rs 300-500 Cr Blow After RBI Ban on Deposits

February 1, 2024 11:23

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 Plunge 20% After RBI Order

February 1, 2024 10:07

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 Order Impacts Paytm's Profit by Rs 300-500 Crore

February 1, 2024 09:29

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.

RBI Bans Paytm Payments Bank Services After Feb 29

January 31, 2024 21:15

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.

Fino Payments Bank Q3 Profit Rises to Rs 22.8 Cr | Business News

January 31, 2024 20:24

Fino Payments Bank reported a 19% rise in net profit to Rs 22.8 crore in the December quarter, with revenue growth of 18% to Rs 370.2 crore. Read more.

RBI Bans Paytm Payments Bank Services After Feb 29

January 31, 2024 20:07

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

RBI Bans Paytm Payments Bank Deposits After Feb 29 - Latest News

January 31, 2024 17:07

The Reserve Bank of India has barred Paytm Payments Bank from accepting deposits after February 29, 2024, citing non-compliances and supervisory concerns. Learn more about the RBI's action and its...

Paytm FASTag Payments Now Available at Chennai Airport Parking

January 16, 2024 17:49

Paytm Payments Bank has partnered with Olympia Group to enable FASTag payments for vehicle parking at Chennai International Airport, offering a seamless experience for travelers.

Jio Financial Shares Plunge 7% After Q3 Earnings

January 16, 2024 16:49

Jio Financial Services shares dropped nearly 7% on Tuesday after reporting a significant decline in third-quarter profits. The company's net profit fell 56% to Rs 294 crore.

Jio Financial Shares Plunge After Q3 Earnings

January 16, 2024 11:20

Jio Financial Services shares dropped over 6% after reporting a 56% decline in Q3 net profit. The company's revenue also moderated compared to the previous quarter.

Jio Financial Services Q3 Profit Down 56% to Rs 294 Cr

January 15, 2024 22:04

Jio Financial Services reported a 56% decline in Q3 net profit to Rs 294 crore, with revenue also moderating. The company is expanding into asset management, insurance, and lending.

Jio Financial Services Q3 Profit Down 56% to Rs 294 Cr

January 15, 2024 21:38

Jio Financial Services reported a 56% decline in net profit to Rs 294 crore in Q3 FY24, with revenue also moderating. The company is expanding into asset management and insurance.

Fino Payments Bank Expands in West Bengal, North-East

January 15, 2024 15:36

Fino Payments Bank is expanding its presence in West Bengal and the North-East, adding more touchpoints for banking services. The bank also applied for a small finance bank license.

RBI Raises Minimum Capital for Small Finance Banks to Rs 200 Crore

January 8, 2024 22:12

The Reserve Bank of India (RBI) has doubled the minimum capital requirement for small finance banks (SFBs) to Rs 200 crore. The move allows Payments Banks to upgrade to SFBs after five years of...

Tax Collection to Rise 3 Times in 10 Years of Modi Govt

December 29, 2023 11:07

India's tax collections are projected to rise to over Rs 19 lakh crore in the next fiscal year, driven by strong economic growth and tax reforms. This news article provides an in-depth analysis of...

One Nation Corporate Card: PayCraft Partners NSDL Payments Bank & NPCI

December 19, 2023 13:31

PayCraft launches One Nation Corporate Card in partnership with NSDL Payments Bank and NPCI, offering a tax benefit instrument for corporate employees with digital expense management.

Sovereign Gold Bond Issue Price Fixed at Rs 6,199/gm

December 15, 2023 19:58

The Reserve Bank of India has fixed the issue price for the next tranche of Sovereign Gold Bonds at Rs 6,199 per gram, with a discount for online payments. Subscription opens on December 18.

Sovereign Gold Bonds: December & February 2023-24 Issues

December 8, 2023 22:19

The Indian government will issue two tranches of sovereign gold bonds (SGBs) in December and February 2023-24. Learn about the subscription dates, price, and other details.

Business Briefs: Leadership Changes & New Initiatives

November 30, 2023 22:34

Get the latest business news: Yes Securities appoints new MD, Godrej Capital partners with DBS Bank & Visa, Fino Payments Bank names new chairman, and Kotak Mahindra Bank launches new...

Company Name
Price
Volume

GTL Infrastructure
2.93 ( -4.87)
226156445

IFL Enterprises
1.30 (+ 4.84)
81459939

Vodafone Idea L
16.79 (+ 0.66)
65534412

NCL Research
0.95 ( -4.04)
31601521

Franklin Industries
3.76 (+ 4.16)
21114586

IHCL Signs Agreement for 200-Key Ginger Hotel...

Indian Hotels Company (IHCL) has signed an agreement for a 200-key Ginger hotel in...

NAREDCO Urges Tax Exemption Hike on Home Loans...

NAREDCO has proposed increasing the tax exemption limit on home loan interest to Rs 5...

Bharat Agri Fert & Realty: Rs 800 Cr...

Bharat Agri Fert & Realty expects Rs 800 crore revenue from its new housing project...

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