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Paytm Payments Bank: India's startup rockstar, Paytm CEO Sharma, battles regulatory crisis

Vijay Shekhar Sharma, Indias startup king, faces a crisis as investors plunder Paytms valuation due to regulatory action by the central bank, threatening significant business disruptions. Sharma aims to restore investor confidence and keep operations running. Paytms valuation has crashed after its IPO, and analysts say the company needs to restore credibility. Sharmas ambitions and the demonetisation move in 2016 transformed Paytm into Indias premier digital payments platform. Despite the challe...
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Paytm admits to compliance issues; investors move to oust Raveendran

The leadership of fintech firm Patym on Thursday acknowledged that it may have fallen short on compliance issues, triggering punitive action by the central bank. Neither the central bank nor Paytm founder Vijay Shekhar Sharma disclosed the exact reason for which the bank faced such stringent penal action. This and more in todays ETtech Morning Dispatch.
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