Paytm shares fall 4% after Paytm Payments Bank CEO resigns
Surinder Chawla has resigned as Managing Director and CEO of Paytm Payments Bank, an associate entity of Paytm.
Surinder Chawla has resigned as Managing Director and CEO of Paytm Payments Bank, an associate entity of Paytm.
Chawla will be relieved from Paytm Payments Bank with effect from close of business hours on June 26, 2024
Paytm shares have tumbled 51% from ₹761 at the close of trade on January 31, 2023, after the RBI action against PPBL.
Axis Bank, HDFC Bank, State Bank of India and YES Bank will act as payment system provider (PSP) banks to Paytm parent One97 Communications
Paytm app, QR, Soundbox, card machines will continue to remain functional beyond March 15
NHAI urges Paytm FASTag users to switch to other banks before March 15
The central bank received 501.86 complaints per branch against Paytm Payments Bank between April 1, 2022, and March 31, 2023.
The RBI’s probe found certain material supervisory concerns in the company’s gold loan portfolio
FinMin action comes after FIU-IND received specific info on a few entities engaging in illegal acts, including organising and facilitating online gambling
SoftBank entity SVF India Holdings has sold 2.17% stake in One97 Communication between January 23, 2024 and February 26, 2024, bringing down its holding to 2.83%.