Beleaguered Paytm Payments Bank’s managing director and CEO Surinder Chawla has resigned from the company, a…
Tag: RBI
Why the RBI Wants to Support CBDC Distribution via Non-Bank Payment Firms
Several countries, including India, are expanding central bank digital currency (CBDC) trials, hoping to integrate then…
Paytm Gets Third-Party UPI App License as Banking Unit Halts Operation
Indian digital payments firm Paytm, formally known as One 97 Communications, was on Thursday granted a…
Paytm Payments Bank Said to Cut About 20 Percent of Staff Ahead of Halt
Indian digital payments firm Paytm plans to cut close to 20 percent of staff at its…
Paytm Payments Bank Hit With Penalty of Over Rs. 5 Crore by FIU
India’s Financial Intelligence Unit (FIU) on Friday imposed a penalty of Rs. 5,49,00,000 ($662,565) on Paytm’s…
Paytm Terminates Some Ties With Troubled Payments Bank Unit
Payments firm Paytm on Friday cut some ties with its payments bank unit, which India’s banking…
RBI Moves to Keep UPI Transactions Working on Paytm
The Reserve Bank of India said on Friday it has asked the National Payments Corporation of…
Paytm Crackdown Signals More RBI Scrutiny on India Banks
For Indian regulators seeking to crack down on potential fraud in the financial sector, Paytm may…
Paytm Signs New Banking Partner; RBI Extends Unit Wind-Down Date
India’s Paytm Payments Bank has been given more time by the central bank to wind down…