Tag: Paytm Payments Bank rbi

Paytm Payments Bank MD and CEO Surinder Chawla quits

April 9, 2024 admin

Surinder Chawla. File photo: paytmbank.com Beleaguered Paytm Payments Bank’s managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on April 9. Mr. Chawla’s resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI. Also read: The Paytm Payments Bank debacle | Explained “Surinder Chawla, Managing Director…

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RBI action on Paytm Payments Bank has drawn fintechs’ attention to compliance of laws: Chandrasekhar

February 18, 2024 admin

Rajeev Chandrasekhar, File. | Photo Credit: Handout E Mail The Reserve Bank’s regulatory action on Paytm Payments Bank has drawn the attention of fintech firms to the importance of complying with laws, Union Minister Rajeev Chandrasekhar has said. The Minister stressed that regulatory compliance cannot be “optional” for companies, rather it is an aspect every…

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ED finds no FEMA violation in Paytm Payments Bank case

February 16, 2024 admin

According to sources, as there is no PMLA scheduled offences involved in the case of PPBL, money laundering investigation cannot be done. File. | Photo Credit: Reuters The Enforcement Directorate (ED) has not found any violation under the Foreign Exchange Management Act (FEMA) during the inquiry of Paytm Payments Bank Limited (PPBL) transactions. The Reserve…

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