Home

Nation

States

International

Politics

Opinion

Economy

Sports

Entertainment

Trending:

Searched Tag: paytm payments bank

Reserve Bank of India's directive to shut down its banking unit in January, 2024 had led to a loss in the fintech firm’s earnings in the previous quarters

Paytm logs net gain in first quarter of FY2026

July 22, 2025, 06:47 PM - 3 min read

Paytm's parent company, One 97 Communications, has reported a profit of ₹123 crore in Q1 FY26; revenue from operations increased by 28 per cent

Zomato, the leading food delivery service, is reportedly in advanced negotiations to acquire Paytm's movie ticketing and events business, a move that aligns with Zomato's strategic plan to enhance its 'going out' offerings.

Zomato in talks to buy Paytm's ticketing unit

June 16, 2024, 09:25 PM - 2 min read

To streamline operations, Paytm is steering away from non-core businesses and focusing on reducing employee costs. This includes reviewing its involvement in areas such as cross-border business and software as a service (SaaS) to banks.

Paytm faces more high-level exits as part of restructuring strategy

May 7, 2024, 09:11 PM - 2 min read

Amid ongoing restructuring, Paytm witnesses senior-level exits including Ajay Vikram Singh and Bipin Kaul. The company aims to strengthen leadership with changes in key roles including Bhavesh Gupta transitioning to an advisory position. Rakesh Singh becomes CEO of Paytm Money Ltd, while Varun Sridhar leads Paytm Services Pvt Ltd.

Managing director and CEO Surinder Chawla tendered his resignation, as confirmed by a regulatory filing on Tuesday.

Surinder Chawla resigns as CEO of Paytm Payments Bank amid regulatory scrutiny

April 9, 2024, 06:20 PM - 2 min read

The resignation follows Paytm Payments Bank's recent suspension of basic banking services, which was implemented nearly a month ago under directives from the RBI. Amidst these developments, Paytm has severed all ties with PPBL, as disclosed to the exchanges.

S&P Global has revised its forecast for India's real economic growth in the upcoming financial year (2024-25), signaling both optimism and caution amidst a complex economic landscape.

S&P raises India growth forecast for FY25 to 6.8 per cent

March 27, 2024, 01:37 PM - 2 min read

In its "Economic Outlook Asia-Pacific report," S&P Global highlighted several factors expected to influence India's economic trajectory in the coming year. Among these factors are anticipated higher interest rates, a crackdown on unsecured lending, and efforts to reduce the fiscal deficit.

Shares of Paytm surged by 5 per cent, hitting the upper circuit limit on Friday, March 15, following the green light from the National Payments Corporation of India (NPCI) to operate as a third-party application provider for Unified Payments Interface (UPI) services.

Paytm surges 5% as NPCI approves third-party UPI services amid regulatory scrutiny

March 15, 2024, 11:33 AM - 2 min read

Analysts from prominent brokerage firms like UBS and Jefferies weighed in on the implications of the third-party app provider license for Paytm. UBS suggested that Paytm would now operate similarly to its competitors like Google Pay and PhonePe, while Jefferies highlighted the potential necessity for Paytm to tap into its cash reserves to retain customers and merchants, which are pegged at 85 billion rupees ($1.02 billion).

NPCI allows Paytm to continue UPI operation via SBI, 3 other banks

NPCI grants Paytm lifeline: UPI transactions secure through SBI, 3 other banks

March 14, 2024, 08:40 PM - 2 min read

The RBI has instructed PPBL to halt all deposits, credit transactions, and top-ups in customer accounts by March 15, impacting 30 crore wallets and 3 crore bank customers. Additionally, NPCI has sanctioned One97 Communications Limited (OCL) to operate as a Third-Party Application Provider (TPAP) within a multi-bank framework.

To streamline toll transactions and alleviate potential disruptions at toll plazas, the National Highways Authority of India (NHAI) has issued a crucial advisory for Paytm FASTag users.

NHAI issues advisory for Paytm FASTag users ahead of March 15 deadline

March 13, 2024, 04:08 PM - 2 min read

Paytm FASTag users will no longer have the option to recharge or top-up their balances post the specified cutoff date. However, they can continue utilizing their existing balance to facilitate toll payments beyond March 15.

One97 Communications Ltd, the parent company of Paytm, saw its shares drop over 2.50% in a special trading session following a Rs 5.49 crore penalty imposed by the Financial Intelligence Unit on Paytm Payments Bank

Paytm's woes deepen: Stocks dip as FIU slaps record penalty on Payments Bank

March 2, 2024, 02:52 PM - 2 min read

In fresh trouble for Paytm Payments Bank, the Financial Intelligence Unit (FIU) has slapped a penalty of Rs 5.49 crore on the payments bank for violating anti-money laundering law, the finance ministry said on Friday.