Paytm, Jio Financial Services dismiss reports on wallet acquisition talks
Paytm said the reports are 'speculative, baseless and factually incorrect'
Source: theweek.in
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View: Paytm crisis shows RBI under Raghuram Rajan didn't think about orderly resolution. Who loses now?
The RBIs unhappiness isnt new. It stopped Paytm Payments Bank from onboarding fresh customers nearly two years ago. Last year, while imposing a fine of $650,000 on the bank, the regulator highlighted a number of violations, including failure to identify beneficial account owners and a video-based customer identification that allowed connections from IP addresses outside India.
Source: indiatimes.com
Paytm Payments Bank annual report shows board was confident RBI would validate corrective measures
Steps taken by the bank to improve compliance, according to its annual report, include the leadership’s active participation in various regulatory forums such as Digital Payments Utsav and Nationwide Intensive Awareness Campaign
Source: moneycontrol.com
Stock Market Today: Top 10 things to know before the market opens
Trends in the GIFT Nifty indicate a negative start for the broader index in India, with a loss of 31.50 points or 0.14 percent.
Source: moneycontrol.com
The Paytm saga so far… from RBI intervention to stock crash and sale speculation
Paytm Payments Bank faces an existential crisis as the Reserve Bank of India cracks down on the fintech firm. Here's all the lowdown
Source: livemint.com