[ad_1] Paytm Payments Bank crisis: Amidst regulatory pressures, digital payments company Paytm announced on Monday that CEO Vijay Shekhar Sharma would step down from his roles as non-executive chairman and board member of its payments bank unit. This decision is part of a significant board overhaul at Paytm Payments bank prompted by regulatory actions from…
[ad_1] NEW DELHI: Paytm founder Vijay Shekhar Sharma has resigned as the non-executive chairman and board member of Paytm Payments Bank Ltd (PPBL), the company said on Monday, as it faces regulatory hurdles from the Reserve Bank of India (RBI).Sharma’s decision comes after the RBI asked PPBL to stop further deposits, credit transactions, or top-ups…
[ad_1] Paytm share price today: Shares of fintech company One 97 Communications dropped 5% on Thursday, reaching a new all-time low of Rs 325.30 on the Bombay Stock Exchange. This decline comes after officials from the Directorate of Enforcement (ED) questioned Paytm Payments Bank officials regarding alleged violations of the Foreign Exchange Management Act (FEMA)…
[ad_1] Paytm Payments Bank Ban Latest Update: In a significant setback for the company, the RBI has prohibited Paytm Payments Bank Ltd (PPBL) from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags after February 29, 2024. This action by the RBI, initiated on January 31, mandated PPBL to cease accepting…
[ad_1] Paytm share price today: Paytm shares experienced a significant decline of up to 9.88% today, reaching a low of Rs 380.10 on the Bombay Stock Exchange (BSE). This drop came after global broking firm Macquarie downgraded the Vijay Shekhar Sharma-led troubled fintech company from a neutral call to underperform. Macquarie also reduced Paytm’s target…
[ad_1] MUMBAI: Paytm‘s parent company One 97 Communications on Friday said that it will form a group advisory committee chaired by former Sebi chairman M Damodaran to help its board strengthen compliance and regulatory matters. The committee will also include former Institute of Chartered Accountants of India president M M Chitale and and banking veterans…
[ad_1] MUMBAI: Paytm is betting on artificial intelligence (AI) and adding to its tech capabilities to build a leaner workforce and check employee costs, company executives said at its Q3 earnings call with analysts on Saturday. “…We are trying to add the capabilities of machines and systems…the systems and capabilities will continue to grow on…
[ad_1] Paytm plans to revamp its online wealth management services and hire more than 15,000 contract salespeople to get more merchants on its network, aiming to hit profitability sooner than targeted. Billionaire founder-CEO Vijay Shekhar Sharmais overhauling its suite of money management products to better tap growing wealth among younger users, who’re warmer to the…