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Image for representational purposes only. | Photo Credit: REUTERS Fintech firm One97 Communications, which owns the Paytm brand, on May 22 said its loss in the fourth quarter of the financial year 2023-24 has widened to ₹550 crore. The company had posted a loss of ₹167.5 crore in the same period a year ago, the…
Paytm, on February 9, announced setting up of a group advisory committee to advise the company on strengthening compliance and on regulatory matters. | Photo Credit: The Hindu Shares of Paytm owner One97 Communications jumped 5% in the morning trade on February 26 after Reserve Bank of India (RBI) asked retail payment settlement body NPCI…
Read More “Paytm shares jumped 5% in the morning trade on February 26, 2024” »
A file photo of M. Damodaran, former Chairman, Securities and Exchange Board of India (SEBI). | Photo Credit: SOMASHEKARA GRN An advisory committee, set up by Paytm owner One97 Communications after the Reserve Bank of India’s action on its payments bank business, is at a stage of engagement with the company on matters related to the…
Read More “Paytm advisory panel discussing terms of reference with company: M. Damodaran” »
Paytm said its associate Paytm Payments Bank Limited does not undertake outward foreign remittances. | Photo Credit: Reuters “The Enforcement Directorate (ED) has questioned senior Paytm executives and taken submission of documents from them following the recent Reserve Bank of India (RBI) action of barring Paytm Payments Bank Limited from accepting deposits or top-ups in…
