Paytm Payments Bank

Paytm Payments Bank to take 'immediate steps' to comply with RBI directions

Reserve Bank of India has barred Paytm Payments Bank from opening new accounts amid 'material supervisory concerns'

Paytm to launch FASTag-based parking service across country

Paytm Payments Bank became the first bank in the country to achieve the milestone of issuing one crore FASTags in June

Paytm Payments Bank suspends support for cryptocurrency exchanges: Why banks in India are retreating from digital currencies

In March 2020, the Supreme Court quashed RBI ban and allowed banks to handle cryptocurrency transactions from exchanges and traders.

Amazon Pay, Paytm, PhonePe and 16 other companies become NPCI shareholders

National Payments Corporation of India brings onboard new members as part of its shareholding party.

Paytm Payments Bank to issue 10 mn Visa virtual debit cards to customers by 2020-21

Paytm Payments Bank Ltd announced on Wednesday it will now start issuing Visa virtual debit cards to its customers

Paytm Payments Bank posts profit of Rs 19 cr in FY'19; turns profitable in second year of operation

Paytm Payments Bank Limited (PPB) on Thursday said it has turned profitable within its second year of operation, reporting a profit of Rs 19 crore for the financial year 2018-2019

Paytm Payments Bank to offer risk-free insurance, mutual fund products by June; savings accounts touch 4.4 crore

Paytm Payments Bank was incorporated in August 2016 and formally began its operations in May 2017 from a branch in Noida.

Amazon begins doorstep verification of KYC services for e-wallet users; cost of operations to burn hole in firm's pocket

The Unique Identification Authority of India (UIDAI), the Aadhaar issuing authority had asked digital wallets and mutual funds registrars to stop using Aadhaar data

Paytm Payments Bank resumes KYC process for bank, wallet customers after nod from RBI

Paytm Payments Bank Ltd in June last year was asked to stop adding new customers after an audit by the RBI that made some observations about the bank's KYC processes

Paytm Payments Bank posts Rs 20.7 cr net loss in FY18; total income grows at Rs 721.9 cr

Paytm Founder Vijay Shekhar Sharma holds 51 percent share in Paytm Payments Bank, while the rest is held by One97 Communications.