Paytm Clarifies Licensing Process Status Amid Speculations, Says Govt Champions Fintech | Companies News

[ad_1] New Delhi: Fintech major Paytm on Tuesday clarified the status of its licensing process amid recent speculations, saying it has not received any communication suggesting a deferral or penalties and any notion to the contrary is “completely unfounded and misleading”. Recent media reports speculated on the deferral of Paytm Payment Services Limited’s (PPSL) license … Read more

Paytm Payments Bank MD And CEO Surinder Chawla Quits | Companies News

[ad_1] New Delhi: Beleaguered Paytm Payments Bank’s managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on Tuesday. Chawla’s resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI. “Surinder Chawla, Managing Director and CEO of PPBL, has tendered his resignation on April 8, 2024, … Read more

Paytm Payments Bank Ban: Check 9 Key Changes That Will Come Into Effect Post March 15 | Companies News

[ad_1] New Delhi: As the Reserve Bank of India’s (RBI) deadline to ban Paytm Payments Bank Limited (PPBL) ends on Friday, here are key changes for millions of Paytm users and merchants that will come into force. 1. First of all, those having a savings bank or current account with Paytm Payments Bank will … Read more

Paytm Deadline: Check Out The Services You Can Continue Using After March 15 | Companies News

[ad_1] New Delhi: Paytm Payments Bank Ltd has been barred by The Reserve Bank of India(RBI) from accepting fresh deposits or top-ups after 15 March 2024. This decision comes after the RBI cited persistent non-compliance and continued material supervisory concerns. Earlier, the deadline was on 29th february but it got extended by 15 days to … Read more