Finance Minister Nirmala Sitharaman on Monday advised a month-to-month assembly between fintech entities, start-ups and regulators. The FM’s suggestion got here throughout a gathering with the three entities within the wake of the Paytm controversy which, stated sources, doesn’t appear to have precipitated any main anxiousness amongst both the fintechs or the the regulators. “Finance … Read more
The Worker Provident Fund Organisation (EPFO) has introduced that it’s going to, from February 23, block deposits and credit into EPF accounts linked with Paytm Funds Financial institution Restricted (PPBL). This transfer of EPFO is available in little over per week after the Reserve Financial institution of India (RBI) introduced restrictions on Paytm Funds Financial … Read more
One97 Communications, the dad or mum firm of Paytm, on Sunday clarified that there was no investigation by the Enforcement Directorate on the corporate, its associates and/or its founder and CEO for anti-money laundering actions. Additionally learn:Paytm places its pockets biz on the block “Neither the corporate nor its founder and CEO are being investigated … Read more
The Reserve Financial institution of India might revoke the licence issued to Paytm Funds Financial institution after the fintech main failed to reply to the regulator’s warnings repeatedly over the previous few months, high sources informed businessline. Additionally learn:ED to probe Paytm Fee Financial institution if cash laundering discovered The central financial institution has given … Read more
Reserve Financial institution of India lately imposed restrictions on Paytm Funds Financial institution and barred the entity from providing incremental banking companies efficient March 2024. This is because of considerations concerning breach of and compliance with regulatory norms. On this businessline podcast, Anjana PV talks to Hamsini Karthik, Deputy editor, businessline, on what are the … Read more
One 97 Communications will pause on new loans for a number of weeks until the decision of operational points, and until accomplice banks are assured of constant their affiliation with the corporate given the fabric governance issues. Additionally learn:RBI order to have affect of ₹300-500 crore on annual operational revenue: paytm In the meantime, the affect … Read more