Paytm Payments Bank

India's central bank cancels Paytm Payments Bank's banking license, after imposing business curbs over non-compliance with rules in January 2024

India's central bank cancels Paytm Payments Bank's banking license, after imposing business curbs over non-compliance with rules in January 2024

India grants a consumer payments license to Paytm, which has until now operated under a license connected to its beleaguered affiliate, Paytm Payments Bank

- India grants troubled firm a consumer payments license  — New operating model needed as regulator's restrictions kick in

Paytm Payments Bank reconstitutes its board, as part of which founder Vijay Shekhar Sharma, who owns a 51% stake in the Paytm unit, steps down

TechCrunch :

Reserve Bank of India says it is not planning harsher rules to curb the country's fintech sector, weeks after abruptly suspending Paytm Payments Bank operations

Bloomberg :

Paytm plans to cease work with its associate Paytm Payments Bank and accelerate work to partner with other banks, after the RBI's clampdown on the payment bank

Manish Singh / TechCrunch :

The Reserve Bank of India orders Paytm Payments Bank to stop taking new customers, pending a comprehensive audit of its IT systems

The Reserve Bank of India barred Paytm Payments Bank, founded by One 97 Communications Ltd's.  Vijay Shekhar Sharma, from accepting new customers …