Page 2 - Vijay Shekhar Sharma

Paytm Payments Bank board is independent, says CEO Vijay Shekhar Sharma

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%

Scammer gives online security advice to man on WhatsApp; Paytm MD reacts

The scammer admitted that they send APK files to users, which, once downloaded, can give them access to all incoming messages, including OTPs

NHAI asks Paytm FASTag users to switch to another issuing bank by March 15

NHAI has advised Paytm FASTag users to obtain a new FASTag from another bank before March 15 to ensure a smooth travel experience and avoid inconvenience at toll plazas, an official statement said on Wednesday. This will help avoid penalties or double fee charges while commuting on National Highways, as per the statement. Following the Reserve Bank of India's guidelines on restrictions concerning Paytm Payments Bank, the statement said Paytm FASTag users will no longer have the option to recharge or top-up their balance after March 15, 2024. However, they can continue to use the existing balance to pay tolls beyond the stipulated date, it added. NHAI also advised Paytm FASTag users to reach out to their respective banks or refer to the FAQs provided on the IHMCL (Indian Highway Management Company Limited) website.

Paytm will overcome regulatory setbacks, says Vijay Shekhar Sharma

Despite the setbacks, Sharma said he values the role regulators play in creating a healthy environment for startups in India

SoftBank Group sells another 2% stake in crisis-hit Paytm to under 3%

The Japanese conglomerate held a 17.5% stake in Paytm in September 2022. Since then, it has trimmed its ownership through multiple open market deals

Paytm exhibits volatility day after Vijay Shekhar Sharma exits PPBL board

Vijay Shekhar Sharma on Monday stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited (PPBL).

Vijay Shekhar Sharma steps down from Paytm Payments Bank board amid crisis

The development comes weeks after the Reserve Bank of India (RBI) imposed severe restrictions on the payments bank's operations

Emperor's new clothes

At the heart of Paytm's slide lies the abject failure of its Super App strategy

Vijay Shekhar Sharma steps down as chairman of Paytm Payments Bank

The Reserve Bank has barred the PPBL from accepting deposits and credits from any customer post-March 15 for persistent non-compliances and continued material supervisory concerns in the bank

Fire in the dream factory

Boards at startups need to be made more accountable

RBI extends deadline for Paytm Payments Bank restrictions to March 15

Merchants can accept payment if account linked to other banks

Ant Financial's stake value declines to Rs 2,742 crore on Paytm woes

The Chinese company, however, had sold its stake worth Rs 8,293 crore in three tranches over the one year thus saving a major part of its portfolio from the meltdown

Shinjini Kumar resigned from PPBL board, attended 2 meets as special guest

This means, two independent members have resigned from the board of the troubled Paytm Payments Bank

Paytm shares rise amid news reports of CEO meeting FM, RBI officials

Paytm's stock price ended the session at Rs 496.7 on Wednesday. Still, since January 31 - when the RBI ordered its payments bank division to stop accepting fresh deposits from March

RBI mulls revoking Paytm Payments Bank licence or superseding board

Action may come once pipeline transactions settled

Paytm chief meets RBI for clarity on transferring wallet, FASTag biz

Regulator told Paytm Payments Bank last week to stop accepting new deposits in its accounts and digital wallets from March 1

Paytm CEO meets Union FM Sitharaman, discusses ongoing challenges: Report

The company, earlier said that it filed a specific clarification on Sunday, categorically denying any investigation by the Enforcement Directorate on OCL, our associates, and our management

Paytm shock: Fintech cos wary as frequent regulatory actions hurt sentiment

Compliance to take centre-stage in fintech operations this year: Industry

Paytm CEO Vijay Shekhar, officials meet RBI to discuss regulatory concerns

Paytm has also been seeking clarity from the RBI regarding transfer of license for the wallets business and digital highway toll payment service Fastag, the source said

Paytm Payments Bank and RBI ban: What went wrong and the story so far

RBI Paytm Payments Bank news: After the ban announced on January 31, the shares of One97 Communications Ltd have fallen over 43% and are near their all-time low