[ad_1] With the deadline closing in before multiple restrictions on Paytm Payments Bank take effect, job cuts are in the air. One97 Communications, Paytm’s parent company, which is in the midst of an annual appraisal cycle, could consider reducing a part of its workforce, according to sources. A Paytm spokesperson denied any layoff … Read more
[ad_1] An advisory committee, set up by Paytm owner One97 Communications after the Reserve Bank’s action on its payments bank business, is yet to have a deeper engagement with the company to identify any issue, head of the panel and former chairman of Sebi M Damodaran said on Sunday. “We are an external … Read more
[ad_1] The Reserve Bank of India’s (RBI’s) recent clampdown on Paytm Payments Bank has put KYC (Know Your Customer) procedures in the spotlight. If you find these procedures time-consuming and repetitive, and are irritated by demands from various financial institutions to complete these procedures repeatedly, this explainer will help you realise why it is … Read more
[ad_1] By Chiranjivi Chakraborty Jefferies Financial Group Inc. has become the first major foreign brokerage to drop coverage on Paytm-operator One 97 Communications Ltd. until the news flow around the struggling Indian fintech major “settles down”. The investment bank has moved the stock to “not rated”, weeks after lowering it to underperform … Read more
[ad_1] Over a fortnight since the Reserve Bank of India (RBI) imposed restrictions on Paytm Payments Bank (Paytm PB), the veil of confusion regarding what will work and what won’t with the digital payments platform has lifted, with the regulator releasing a list of frequently asked questions (FAQs) last week. However, competition to … Read more
[ad_1] Despite concerns about Paytm Payments Bank being a ‘red flag’, certain banks have reportedly shown interest in collaborating with it, subject to RBI approval. But, industry observers have questioned the sustainability of the payments bank if it is acquired by another entity, due to compliance issues. Click here to follow our … Read more
[ad_1] Around 90 per cent of Paytm UPI app users have their accounts linked with other banks, according to data available with banking industry sources. The data, reviewed by Business Standard, further shows that while Paytm UPI app has approximately 90 million users, some 75 million of them have also installed other UPI apps. … Read more