Explainer: Paytm Payments Bank Crisis And What It Means For Customers, Why Did It Come Under RBI Lens?
Paytm wallet customers can use money till the time their balance is exhausted, however they cannot add money after February 29 after the RBI decision.
Feb 05, 2024, 09:46 AM IST
DNA: Is Paytm about to end?
Today more than 30 crore people of the country are asking each other, 'To do Paytm or not'. Actually, Reserve Bank of India has taken a big decision regarding Fintech Company Paytm.
Feb 02, 2024, 02:06 AM IST
Know why RBI has imposed restrictions on Paytm
The Reserve Bank of India (RBI) has banned Paytm's banking arm Paytm Payments Bank (PPBL) from adding new customers with immediate effect. RBI has issued this order on 31 January 2024.
Feb 01, 2024, 15:36 PM IST
Explainer: What Next For Paytm's Banking Arm After RBI Clampdown?
Following are answers to some key questions about Paytm and its payments bank.
Feb 01, 2024, 15:32 PM IST
Should You Worry If Your Saving, Current Bank Account Is Linked To Paytm? Read Here
RBI said that the Comprehensive System Audit report and subsequent compliance validation report of the external auditors revealed persistent non-compliance and continued material supervisory concerns in the bank, warranting further supervisory action.
Jan 31, 2024, 19:48 PM IST
RBI Takes Big Action Against Paytm Payments Bank; Can You Withdraw Your Money?
This recent move by the RBI follows its earlier order in 2022, directing Paytm Payments Bank to halt the acceptance of new customer accounts.
Jan 31, 2024, 19:21 PM IST
RBI Imposes Restrictions On Paytm Payments Bank: Check How It Impacts Customers
The latest action from the RBI is a result of a Comprehensive System Audit report and a compliance validation report by external auditors, revealing persistent non-compliance.
Jan 31, 2024, 18:49 PM IST
RBI Stops Paytm Payments Bank From Accepting Deposits After Feb 29
Today, January 31, the Reserve Bank of India (RBI) placed restrictions on Paytm Payments Bank Ltd (PPBL). Starting from February 29, PPBL is not allowed to accept deposits or top-ups in any customer account, wallets, and FASTags.
Jan 31, 2024, 17:23 PM IST
Taking immediate steps to comply with RBI directions: Paytm Payments Bank
Paytm Payments Bank was incorporated in August 2016.
Mar 12, 2022, 22:18 PM IST
RBI asks Paytm Payments Bank to stop opening new accounts
The bank has also been directed to appoint an IT audit firm to conduct a comprehensive system audit of its IT system.
Mar 11, 2022, 18:04 PM IST
RBI slaps Rs 1 crore penalty on Paytm Payments Bank, here’s why
The Reserve Bank of India (RBI) has slapped a penalty of Rs 1 crore on Paytm Payments Bank Limited (PPBL).
Oct 20, 2021, 19:29 PM IST
FASTag users alert! Wrongly deducted toll charges? This company will help in reversing extra charges
Paytm Payments Bank MD and CEO Satish Gupta said in a statement, "It has been our endeavour to empower our users with seamless and hassle-free travel on road. In this quest, we support our users in every possible way, including fast redressal of any grievance they face with toll plazas."
Feb 24, 2021, 16:28 PM IST
Paytm Payments Bank enables Aadhaar card-based services
With the integration of Aadhaar enabled Payment System (AePS), PPBL's customers can now access to basic banking services such as cash withdrawal, balance enquiry and obtain a mini statement through the business correspondent of any banking and financial institution in the country.
Aug 24, 2020, 16:32 PM IST
Paytm Payments Bank to offer risk-free insurance, mutual fund products by June: MD
As on date, the Paytm Payments Bank has 4.4 crore savings bank account with deposit of over Rs 400 crore; and there are as many as 26 crore wallet accounts.
Apr 04, 2019, 10:38 AM IST
Paytm Payments Bank names Satish Kumar Gupta as MD, CEO
Gupta had prior senior roles at SBI and NPCI.
Oct 25, 2018, 12:32 PM IST
Paytm Payments Bank officially launched: 10 key features
Paytm offers banking services like Debit Cards, Online Banking, Mobile Banking.
Nov 29, 2017, 12:11 PM IST
10 million customers sign up for consumer beta of Paytm Payments Bank
The bank is focused on driving financial inclusion by bringing half a billion Indians into the mainstream economy.
Sep 13, 2017, 20:41 PM IST
Paytm launches payments bank; offers 4% interest, cashbacks on deposits, zero fees on transactions, no minimum balance
Paytm is the third entity in the country to launch a payments bank after Airtel and India Post.
May 23, 2017, 10:57 AM IST
Paytm Payments Bank operations from today: All you need to know
Here are the key facts you need to know about the Paytm Payments Bank.
May 23, 2017, 09:29 AM IST
Paytm to start payments bank operations from today
The company will transfer its wallet business, which has over 218 million mobile wallet users, to the newly incorporated entity —— PPBL —— under the payments bank licence awarded to a resident Indian, Vijay Shekhar Sharma, the founder of One97 Communications that owns Paytm.
May 23, 2017, 09:13 AM IST
