Mukund Barsagade has previously worked with organisations such as GE Capital, Experian, Transamerica, Utkarsh Small Finance Bank, and Fino Payments Bank in various finance leadership roles
HDFC Bank, Bank of Baroda and Paytm Payments Bank have faced action for alleged regulatory violations
Has Sharma given up on it? For now, he seems to be on a save-OCL mission
Paytm Payments Bank's parent is One 97 Communications, popularly known as Paytm for its digital payments app. One97 owns 49% in the payments bank, while Sharma holds the remaining 51%
December 2024 deadline for implement market cap remains unchanged, say sources
The company added that investor Ant Financial did not have any board representation or special rights
Chawla was appointed as managing director and CEO of Paytm Payments Bank in January 2023 after it received a nod from RBI
The recent regulatory measures have upside in terms of curtailing lenders' over-exuberance, enhancing compliance culture, and safeguarding customers
After the RBI's ban on PPBL from onboarding new clients and its wallet services, customers have complained of issues in closing their PPBL-linked FASTag accounts
YES Bank has gone live as a PSP bank with a closed group of users with the @ptyes handle. Similarly, Axis Bank is live with a closed group of users with the @ptaxis handle
According to the FAQs, no further funding or top-ups will be allowed in the FASTags issued by Paytm Payments Bank after March 15
The third-party application provider license will allow Paytm to facilitate payments through the UPI network, akin to how PhonePe and Google Pay operate
Four banks-- Axis Bank, HDFC Bank, State Bank of India, YES Bank will act as Payment Service Providers (PSPs) to Paytm
RBI has compiled a list of FAQs to soothe customer concerns following the curb on Paytm's unit Paytm Payments Bank's operations
UPI payments on the Paytm app will likely redirected to SBI, HDFC Bank, Axis Bank, and Yes Bank for settlement, if Paytm Payments Bank operations cease after March 15
In Dec, Business Standard reported that Paytm was rationalising its employee cost structure, which includes revising its hiring strategy, focusing on contract employees
The Mumbai-based Fino Payments Bank has appointed Anita Sudhir Pai and Neeta Mukerji as additional directors in the capacity of independent directors of the bank
If you've been using your Paytm Payments Bank (PPBL) account for your trading activities, it's time to consider adding another bank account to your setup
As RBI deadline nears, take a look at the list of services that you can use on Paytm after March 15 and alternatives available to users
Major banks in India have recently announced changes to their credit card rules. If you rely on your credit card for daily purchases, travel perks, or managing your finances, here's what you must know