Vijay Shekhar Sharma Resigns as Paytm Payments Bank Chairman Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman, with Surinder Chawla assuming leadership. Arvind Kumar Jain, former Executive Director of Punjab & Sind Bank, joins as Independent Director. One97 Communications, Paytm’s parent company, confirmed Sharma’s resignation from the board of Paytm Payments Bank on … Read more
RBI Issues FAQs for Paytm Payments Bank Customers Amid Crisis In a recent development, the Reserve Bank of India (RBI) has granted an extension to Paytm Payments Bank Limited, altering the deadline for its ongoing operations. Initially, the central bank had directed Paytm Payments Bank to suspend certain critical operations starting from February 29, 2024. … Read more
Paytm Considering PhonePe, Google Pay Model to Sustain UPI Paytm parent company One97 Communications, is in discussions with the National Payments Corporation of India (NPCI) to incorporate third-party payment apps for seamless UPI access. Beginning March 1, Paytm users might notice changes in their virtual payment addresses, as the company intends to team up with … Read more
Mukesh Ambani Led Jio Financial to acquire Paytm: Share Price Surges 15% Amid Acquisition Buzz Jio Financial Services (JFS) experienced a remarkable surge in share price, climbing over 15% to achieve a new record high on Monday. This surge was fueled by reports in the media indicating that JFS was a leading contender in the … Read more
Paytm Ban In an unforeseen move, the Reserve Bank of India (RBI) has imposed restrictions on all services offered by Paytm Payments Bank (PPBL), effective February 29, 2024. Debit and credit transactions, along with wallet operations, will cease post this date. However, withdrawals are still allowed. The affected services also include fund transfers, bill payments, … Read more