Discover the turbulent journey of Paytm Payments Bank amidst RBI restrictions and financial controversies. Learn about the latest developments and what they mean for users.
In a dramatic turn of events, the future of Paytm Payments Bank hangs in the balance following the Reserve Bank of India's (RBI) mysterious silence post-February. Reports suggest thousands of accounts were improperly set up, raising concerns of money laundering, further exacerbating the uncertainty. Business magnate Vijay Shekhar Sharma faces one of his biggest crises as the RBI tightens its grip on the beleaguered bank. MyRCloud witnesses a flurry of resumes from anxious Paytm Payments Bank employees seeking alternative opportunities in the wake of the turmoil.
The RBI's sudden crackdown on Paytm has sent shockwaves through the fintech industry, with traders urged to explore alternative payment platforms. As the dust settles, the regulatory storm leaves Paytm Payments Bank grappling with restrictions on deposits and transactions after February 29. In the midst of chaos, questions arise about the future of the once-promising digital bank and the consequences of the RBI's stringent measures.
Interesting Facts: 1. Paytm Payments Bank executives inundate job portals seeking new opportunities amidst the crisis. 2. The Enforcement Directorate and RBI collaborate to probe potential financial violations by Paytm, adding further scrutiny to the embattled bank.
When contacted, the RBI did not comment on the PPBL issue. As per the RBI's licensing and operative guidelines for payments bank, aggregate customer balance ...
The Reserve Bank of India (RBI) is concerned that some of the accounts could have been used for money laundering, the sources said, speaking on condition of ...
आरबीआई की कार्रवाई के बाद कारोबारी विजय शेखर शर्मा जीवन के सबसे बड़े संकट का सामना कर रहे हैं। आरबीआई ने पेटीएम पेमेंट्स बैंक को ...
The Reserve Bank of India has ordered Paytm Payments Bank to halt most of its business, causing a major crisis for the company.
In a significant move, India's central bank, the Reserve Bank of India (RBI), has imposed restrictions on fintech giant Paytm, prohibiting it from providing ...
CAIT has advised traders to use payment platforms other than Paytm as RBI has sounded an alarm about several risks in Paytm Payments Bank.
The central bank's directive restricts Paytm Payments Bank from accepting deposits or top-ups after February 29.
Paytm News: इस समय 20 से अधिक बैंक और गैर-बैंकिंग संस्थाएं वॉलेट सेवा देती हैं। इनमें मोबिक्विक, फोनपे, एसबीआई, आईसीआईसीआई बैंक, ...
Paytm Payments Bank में टेक, मर्चेंट बैंकिंग, सेल्स और मार्केटिंग में काम करने वाले कई कर्मचारी बाहर निकलने का रास्ता तलाशने में जुट गए ...
MyRCloud, a recruitment marketplace, has seen a few hundred resumes uploaded by Paytm Payments Bank executives over the past week.
Paytm Crisis: पेटीएम ने कहा है कि पेटीएम पेमेंट्स बैंक बिजनेस जारी रखने के लिए आरबीआई के साथ चर्चा कर रहा है और उनके निर्देशों का ...
Paytm Payments Bank: पेटीएम पेमेंट्स बैंक पर RBI ने मनी लॉन्ड्रिंग और KYC के उल्लंघन के कारण एक्शन लिया। पेटीएम के शेयर में गिरावट देखी ...
RBI ने अंतरिम बजट पेश होने से ठीक एक दिन पहले Paytm Payments bank के खिलाफ सख्त कदम उठाने के एलान किए। इससे पेटीएम पेमेंट्स बैंक ...
The RBI's action prohibits the bank from accepting further deposits, conducting credit transactions, or carrying out top-ups on customer accounts after ...
The Congress on Monday asked about the steps taken by the probe agency Enforcement Directorate regarding the money laundering allegations against Paytm.
RBI's ban on Paytm Payments Bank sparks concerns about its future in digital space. Here's why and what it means for Paytm.
Paytm Payments Bank faces doubts over user base, irregularities in KYC, and non-compliance with licensing requirements.
The Reserve Bank of India has served a major blow to Paytm Payments Bank with an order to halt its banking services, effective 29 February.
Paytm top leadership addressed employee concerns about the future course of action during townhall meetings held at Paytm Payments Bank, ...
RBI has imposed multiple restrictions on Paytm Payments Bank, potentially causing financial impact and operational disruptions.
Paytm crisis: The group of founders urged RBI to reassess the “proportionality of restrictions” on Paytm considering the potential impact on the payments ...
This happened after RBI wrote to ED in the last week of November 2023, informing it of possible breaches. Within 10 days, ED wrote back to RBI in December, ...