Vijay Shekhar Sharma Resigns as Chairman of Paytm Payments Bank, Board Undergoes Restructuring
One 97 Communications, the official name of Paytm, owns the remaining 51% of the shares in Paytm Payments Bank, which is owned by Sharma.
Paytm Goes All Out to Impress RBI with Advisory Panel and Auditors
Paytm Faces Heightened Regulatory and Investor Scrutiny Following RBI Directive to Halt Deposit Acceptance
Paytm Denies Money Laundering Investigation By ED, Refutes Allegations as RBI Deadline Looms
In a released statement, Paytm declared its commitment to transparency and protecting its reputation, customers, shareholders, and stakeholders from unwarranted speculation.
Report Reveals Improper Setup of Thousands of Paytm Payments Bank Accounts
RBI Expresses Concern Over Potential Money Laundering in Improperly Set Up Paytm Payments Bank Accounts
Vijay Shekhar Sharma Assures Users: Paytm Will Continue Operations Beyond February 29
The RBI, in a statement, revealed that an audit report "persistent non-compliances and ongoing significant supervisory concerns within the bank, necessitating additional supervisory measures."
Will Hit Ordinary Indians Most: Congress Slams Govt After RBI Action Against Paytm Payments Bank
In a major action against Paytm Payments Bank (PPBL), the Reserve Bank on Wednesday directed the lender to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags, and other instruments after February 29.
