RBI implement restrictions on Paytm Payments Bank for non compliance of regulations

[Sushubh]

Loads of people stopped using wallet after UPI. So just tell them to shutdown wallet lol.

I had to do kyc last month. If I hadn't, mine would have been dormant as well but UPI should have worked in app I imagine.

UPI responsibility lies with banks anyways.

 

[Sushubh]

RBI says no systemic worries, action on Paytm due to "persisted non-compliance"

Paytm RBI ban: RBI Governor clarifies that action against Paytm was due to lack of compliance, assures support for innovation.

www.thehindu.com

 

[Navjot Singh]

As long as the innovation is by Ambanis.

 

[Sushubh]

RBI Run By 60-Year-Olds Who Do Not Have Faith In 40-Year-Old Mavericks: Ashneer Grover After RBI's Paytm Crackdown

Addressing the recent regulatory actions in an episode of Urban Debate, Grover stated, "Paytm is the father of all fintechs in India. If it didn

www.freepressjournal.in

Isn't there a lookout notice on him?

Delhi HC refuses to stay lookout circular issued against Ashneer Grover, wife Madhuri

The court observed that it would be incorrect to say the lookout circular was unjustified when the investigation was at a nascent stage

www.hindustantimes.com

Yup.

 

[SVK]

Sorry Ashneer, Modi bro only cares for Ambani Bro

 

[Sushubh]

Paytm E-commerce: Paytm E-commerce renamed as Pai Platforms, acquires ONDC seller firm Bitsila - The Economic Times

Paytm E-commerce has changed its name to Pai Platforms and has acquired Bitsila, a seller platform on ONDC, gaining share in the online retail business.

m.economictimes.com

Paytm Ecommerce rebrands itself as Pai Platforms

Paytm Ecommerce has renamed itself as ‘Pai Platforms’, according to the company’s filings with the Registrar of Companies.

entrackr.com

 

[Sushubh]

Banks seek RBI immunity to deal with Paytm biz

Paytm Payments Bank faces challenges in ensuring continuity of services due to resistance from banks and lack of progress in critical issues.

www.thehindubusinessline.com

 

[Sushubh]

Centre examining FDI flow from China in Paytm Payments Services

Govt examining FDI flow from China in Paytm Payments Services

www.newindianexpress.com

 

[Sushubh]

Paytm confirms resignation of Payments Bank director Manju Agarwal

Manju Agarwal is a former Deputy Managing Director at SBI, and had been serving on the Paytm Payments Bank Limited (PPBL) board since May 2021.

www.moneycontrol.com

 

[Sushubh]

Source

I guess not enough has been done yet.