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YOU WONT BELIEVE: Paytm payments bank | Mind Blowing Facts

Paytm, the fintech major, has decided against seeking a Non-Banking Financial Company license. The company prefers a partnership model for lending operations. This comes after Paytm Payments Bank's license was cancelled by the RBI. Paytm reported a consolidated profit of Rs 183 crore in its fourth quarter, a significant turnaround…

The Economic Times

RBI Cancels Licence of Paytm Payments Bank, Orders Wind-Up

In a significant regulatory action, the Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Limited, effectively bringing an end to its operations as a bank from April 24, 2026.

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Morning Digest | Donald Trump ordered to pay $355 million in New York fraud case; ED finds no FEMA violation in Paytm Payments Bank case, and more

From routine freezing of Congress accounts by Income Tax department to Trump being fined $364 million for fraud, read a select list of stories from The Hindu to start the day.

The Hindu

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ED finds no FEMA violation in Paytm Payments Bank case

The Enforcement Directorate has not found any violation under the Foreign Exchange Management Act during the inquiry of Paytm Payments Bank Limited transactions

The Hindu

Highway toll collector IHMCL removes Paytm Payments Bank from list of banks authorised to issue FASTag

IHMCL advised highway users to buy FASTags from authorized banks (excluding Paytm Payments Bank) for hassle-free travel on Indian highways.

The Hindu

"No review of decision on Paytm Payments Bank" says RBI Chief Shaktikanta Das

RBI Governor Shaktikanta Das on Monday reiterated that all decisions taken by the Central bank are carefully considered. Read further on Dynamite News:

Dynamite News

Paytm Payments Bank Expects India's Central Bank To Ease Regulatory Curbs On It Soon

India’s Paytm Payments Bank said it expects the central bank to allow it to start taking on new customers in the next few months and would comply with all the audit requirements to remove the regulatory curbs imposed on it.

Benzinga

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Digital payments snapshot in charts: Cards in circulation top 1 billion in India

NEW DELHI: With digital payments rising in India, the total number of debit and credit cards in circulation breached the 1 billion mark with 1006.7 million cards recorded as of December 2021, said Worldline India in its Annual Digital Payments Report.

The Times of India

RBI letter to Paytm Bank does not talk about data access, says Vijay Shekhar

NEW DELHI: The Reserve Bank of India (RBI) in its letter to Paytm Payments Bank has not mentioned anything about data access but has asked the company to carry out an audit from a third party, a top official of the company said on Monday.

The Times of India

Paytm refutes reports of data leak to Chinese firms, calls it 'false and sensationalist'

NEW DELHI: Paytm Payments Bank on Monday refuted reports of leaking data to Chinese firms and termed them to be "false and sensationalist".

People

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