The Paytm Saga News

The Paytm Saga
Companies

FIU fines Paytm Bank ₹5.5 crore for PMLA violation

The heavy fine came after the review of Paytm Payments Bank operations based on the specific information from law enforcement agencies

2 min read1 Mar 2024
Companies

Paytm discontinues inter-company agreements with Paytm Payments Bank

As per the company statement, PPBL has agreed to simplify the shareholders' agreement. The goal is to enhance the governance of Paytm Payments Bank, making it more independent of its shareholders.

1 min read1 Mar 2024
Companies

Paytm parent confirms ED action

The Enforcement Directorate is currently verifying the information it has received from RBI

2 min read14 Feb 2024
Markets

Paytm stock sheds another 8.5% after Macquarie cuts target price to ₹275

Global brokerage firm Macquarie downgraded Paytm's rating to 'Underperform' and significantly lowered its target price to ₹275 per share. This revised target price indicates a 35% downside from the current trading price of ₹396 per share.

2 min read13 Feb 2024
Companies

No review of action against Paytm Payments Bank: RBI gov Shaktikanta Das

Shaktikanta Das said the central bank's decision came after a comprehensive assessment of the Paytm Payments Bank's operations and was taken in the interest of the consumers.

3 min read12 Feb 2024
Companies

The fall of Paytm Payments Bank… from RBI intervention to stock crash and sale speculation. See details here

Paytm Payments Bank faces an existential crisis as the Reserve Bank of India cracks down on the fintech firm. Here's all the lowdown

8 min read13 Mar 2024
Companies

After a bloody nose, Paytm puts up a brave face

Shares of Paytm (One 97 Communications) hit the 20% lower circuit on Thursday, a day after RBI directive

3 min read1 Feb 2024
Companies

Paytm denies FEMA probe, terms media reports ‘misleading, baseless and malicious’

Paytm parent One97 Communications rejects reports of investigation or violation of foreign exchange rules by the company or its associate, Paytm Payments Bank.

1 min read5 Feb 2024
Opinion

RBI should respond to Paytm's 'speed bump' with banking reforms

The regulator must ensure prudent banking. Its response to l’affaire Paytm Payments Bank should be an overhaul of the ownership structure of banks to improve regulatory oversight.

2 min read5 Feb 2024
News

RBI crackdown sends Paytm Payments Bank employees on a job hunt

MyRCloud, a recruitment marketplace, has seen a few hundred resumes uploaded by Paytm Payments Bank executives over the past week.

2 min read4 Feb 2024
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