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Paytm Payments Bank fined Rs 5.49 cr for money laundering
The FIU initiated a review of Paytm Payments Bank on receipt of specific information from law enforcement agencies in respect of few entities and thei
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Paytm nixes inter-company pacts with PPBL
One 97 Communications and Paytm Payments Bank Limited have introduced additional measures to strengthen their approach towards independent operations
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Vijay Shekhar Sharma quits as chief of Paytm Payments Bank
One 97 Communications reconstitutes payments bank board, gets new independent directors
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RBI asks NPCI to examine Paytm request to become TPAP
RBI has asked the NPCI to examine the request to become a TPAP ffor continued UPI operation of the Paytm app
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More payments banks under lens
Financial Intelligence Unit has detected close to 50,000 accounts that are merrily conducting transactions that arouse suspicion of money laundering a
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No room to review Paytm action: Das
Das said the RBI takes action against regulated entities only after a comprehensive assessment
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Chinese FDI in Paytm Payments Bank under lens
An inter-ministerial committee is examining investments from China in PPSL and decision would be taken on the FDI issue after due consideration and co
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Paytm Payments Bank action due to non-compliance: Das
Das did not specify the shortcomings resulting in the RBI action, but made it clear that it is driven by a "lack of compliance" at Paytm
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No ED probe against CEO, company: Paytm
The ED had visited premises of the company and some other fintech firms in September 2022 for money laundering investigations against some of the me
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Fintechs in a tizzy after Paytm action
Several investors and people who founded fintech entities have expressed concern that the central bank’s step might have been too harsh which might
