What Lessons Can Be Learnt from Paytm’s Troubles? How Will This Impact You & Mutual Fund Industry?

What Lessons Can Be Learnt from Paytm’s Troubles? How Will This Impact You & Mutual Fund Industry?

Compliance holds key to maintaining integrity of any company. The recent Paytm Payments Bank’s debacle is a perfect example of how a company failed to adhere to the guidelines of the Reserve Bank of India (RBI), particularly, the KYC procedures. Despite repeated warnings, the bank failed to take necessary steps. While the RBI has not …

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You may drive a Ferrari, but you still have to obey traffic rules

You may drive a Ferrari, but you still have to obey traffic rules

RBI governor Shaktikanta Das reiterated that the bank has nothing against the Fintech sector. Action against Paytm Payments Bank w… Read More RBI governor Shaktikanta Das reiterated that the bank has nothing against the Fintech sector. Action against Paytm Payments Bank was due to non-compliance. The deadline for linking the wallet attached with PPBL with …

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FM Nirmala Sitharaman Urges RBI and Fintechs to Address Concerns

FM Nirmala Sitharaman Urges RBI and Fintechs to Address Concerns

Finance Minister Nirmala Sitharaman met startup and fintech stakeholders on Monday along with senior government officials. The much-anticipated meeting comes amid the Reserve Bank of India’s actions against Paytm Payments Bank (PPBL). The meeting is reported to have been attended by senior officials of some 50 fintechs. This meeting comes in the wake of the …

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How RBI’s message to NPCI may bring some relief for Paytm

How RBI’s message to NPCI may bring some relief for Paytm

India’s apex bank Reserve Bank of India (RBI) may finally have some ‘good news’ for Paytm Payments Bank. According Reserve Bank of India (RBI), India’s banking regulator, has suggested the National Payments Corporation of India (NPCI) to consider Paytm’s proposal to become a platform for peer-to-peer payments. This move indicates a possible softening of the …

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RBI Aims to Help Establish New Banking Relationships for Paytm

RBI Aims to Help Establish New Banking Relationships for Paytm

The Reserve Bank of India (RBI) asked the National Payments Corporation of India (NPCI) to consider One97 Communications’ request to become a Third-Party Application Provider (TPAP) for the Unified Payments Interface (UPI) channel. The move is meant to enable continued operation of the Paytm app after RBI placed business restrictions on Paytm Payments Bank, RBI …

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RBI’s New Advisory On Paytm UPI Payments: What It Means

RBI’s New Advisory On Paytm UPI Payments: What It Means

Paytm is the third largest app for UPI payments in the country. New Delhi: The Reserve Bank of India has come out with additional measures to ensure seamless digital transactions via unified payments interface or UPI. The directions apply exclusively to current @paytm UPI handle users. No action is required for those using UPI addresses …

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Paytm Payments Bank update: RBI announces more steps for UPI customers using @paytm handle | India Business News

Paytm Payments Bank update: RBI announces more steps for UPI customers using @paytm handle | India Business News

Paytm Payments Bank update: The Reserve Bank of India (RBI) has announced additional measures to ensure uninterrupted digital payments for UPI customers utilizing the @paytm handle, following its decision that Paytm Payments Bank will halt accepting further credits into customer accounts and wallets after March 15, 2024.These directives apply exclusively to current @paytm UPI handle …

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Paytm Payments Bank crisis: RBI releases FAQs for customers – all queries on UPI, FASTag, Paytm wallet answered; check full list

Paytm Payments Bank crisis: RBI releases FAQs for customers – all queries on UPI, FASTag, Paytm wallet answered; check full list

Paytm Payments Bank ban FAQs: The Reserve Bank of India (RBI has released an extensive list of of Frequently Asked Questions or FAQs with extensive answers to allay fears of customers, merchants and with an aim to make the transition from Paytm Payments Bank seamless for users. Below is the full list of FAQs released …

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RBI’s Deadline for Paytm Bank: Options for Customers with Money in Bank or Paytm Wallet |

RBI’s Deadline for Paytm Bank: Options for Customers with Money in Bank or Paytm Wallet |

Late last month, the Reserve Bank of India (RBI) issued a notification regarding the ban on accepting deposits or top-ups to the Paytm Payments Bank. RBI banned the services due to “persistent non-compliance and continued material supervisory concerns in the bank” under Section 35A of the Banking Regulation Act, 1949. So wondering what happens to …

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Options for Customers with Money in Bank or Paytm Wallet

Options for Customers with Money in Bank or Paytm Wallet

Late last month, the Reserve Bank of India (RBI) issued a notification regarding the ban on accepting deposits or top-ups to the Paytm Payments Bank. RBI banned the services due to “persistent non-compliance and continued material supervisory concerns in the bank” under Section 35A of the Banking Regulation Act, 1949. So wondering what happens to …

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