With lower than a month left emigrate nodal accounts of One97 Communications Ltd and Paytm Funds Providers Ltd from Paytm Funds Financial institution, a recent layer of problem appears to have hit One97 Communications, which homes the Paytm model and its group entities. In keeping with sources, a number of allegations of regulatory non-compliances have … 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
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
One97 Communications, which owns the model Paytm, on Friday, reported a consolidated web lack of ₹ 222 crore for the third quarter ended December 31,2023. This loss was 43 p.c decrease than the web lack of ₹392 crore in identical quarter final fiscal. Within the September 2023 quarter, Paytm had recorded a web lack of … Read more
Home traders together with mutual funds and retail shareholders have considerably upped their shareholding in fintech main Paytm within the simply ended third quarter this fiscal, newest shareholding information with inventory exchanges confirmed. Additionally learn:paytm indicators MoU with Ayodhya Nagar Nigam Mutual Funds have elevated their stake by 2.20 per centto 4.99 per centin Q3FY24 … Read more
Paytm on Monday stated that the fintech agency intends to in 2024 leverage AI-powered automation to drive effectivity and remove repetitive duties. Such a method is predicted to lead to a “slight discount” within the workforce in operations and advertising, in accordance with a Paytm Spokesperson. “We can save 10-15 per cent in worker prices … Read more
Paytm inventory was among the many worst performers on the bourses this week, due to its administration saying plans to scale down postpaid loans of ticket measurement lower than ₹50,000. The choice is a pre-emptive measure, in line with Paytm, after session with its lending companions, given the current market circumstances and regulatory modifications. At … Read more