Troubled Paytm Gets Green Light From Panel For Investment In Core Subsidiary LeapRate

July 10, 2024 BY Elizabeth Anderson

Troubled Paytm Gets Green Light From Panel For Investment In Core Subsidiary

Reuters stated that the approval still requires the go-ahead from India’s finance ministry. If given, it will enable one of the fintech’s main segments, Paytm Payment Services, to restore normal operations. This nucleus made up a quarter of the company’s consolidated revenue in its previous financial year. Indian regulators reined in the company’s Paytm Payments…

Investors dump shares of Indian fintech giant Paytm after RBI's strictures on its payments bank

The PAYTM stock crashed on 5 February to ₹438.35, limit down by 10%, following a staggering 36% fall in the preceding two sessions. The RBI, India's Central Bank, issued the directive on 31 January after its inspections at PPBL revealed the bank had failed to comply with some regulations. Non-compliance included Know Your Customer (KYC)…

Tag: Paytm Payments Bank

Troubled Paytm Gets Green Light From Panel For Investment In Core Subsidiary

Investors dump shares of Indian fintech giant Paytm after RBI's strictures on its payments bank

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