Paytm Payments Bank

Paytm Payments Bank founder Vijay Shekhar Sharma resigns from board

Vijay Shekhar Sharma, founder and majority owner of Paytm Payments Bank, has stepped down from the board of the troubled unit days after the Indian regulator signaled continuity at the financial firm

Paytm wallet and FASTag products will cease to exist, Bernstein says

India’s central bank has extended the deadline for some business restrictions on Paytm’s Payments Bank to March 15 in “larger public interest,” dashing hopes of any major conce

Indian central bank defends ‘proportionate’ action on Paytm

India’s central bank said Thursday it takes supervisory actions and imposes business restrictions only after “persistent non-compliance” with rules, its first comment after a clampdo

India’s Paytm is in flux

Shares of Paytm plunged 10% on Monday, the third consecutive session of declines, touching an all-time low of 438.35 Indian rupees (or $5.28) after the RBI’s clampdown last week looks to have ha

India weighs more penalties on Paytm, including revoking payments bank license

The Reserve Bank of India (RBI) is discussing more penalties on Paytm Payments Bank and may reach a decision within days, two sources familiar with the matter told TechCrunch, as troubles mount for th

Paytm to terminate business with Paytm Payments Bank after central bank’s clampdown

Paytm said Thursday that it will cease work with its associate Paytm Payments Bank and accelerate plans to partner with other banks, after India’s central bank barred Paytm Payments Bank from co

India orders Paytm Payments Bank to halt business

The Reserve Bank of India (RBI) widened its curbs on Paytm’s Payments Bank, which processes transactions for financial services giant Paytm, barring it from offering many banking services, inclu

Paytm, India’s top mobile payments firm, gets approval to launch its own digital bank

India leading mobile payments company Paytm has announced that it has formally received permission from the Reserve Bank of India (RBI) to launch a digital bank.