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  RBI directs JM Financial Products Limited to halt financing against shares, debentures

  Business | March 05, 2024 18:52 IST

  The RBI has directed JM Financial Products Limited to cease financing against shares and debentures due to significant deficiencies observed in its lending practices. This directive, prompted by a review of the company's books, aims to ensure financial stability and uphold regulatory standards.

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  RBI bars IIFL Finance from disbursing gold loans; flags supervisory concerns

  Business | March 04, 2024 20:23 IST

  In a statement, the RBI said it has directed IIFL Finance Ltd "to cease and desist, with immediate effect, from sanctioning or disbursing gold loans or assigning/ securitising/ selling any of its gold loans".

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  Rs 2,000 notes RBI withdrawal: 97.62 pc currency returned by Feb 29, Rs 8,470 crore left to collect

  Business | March 01, 2024 17:30 IST

  RBI business news: Public and entities holding such notes were initially asked to either exchange or deposit them in bank accounts by Sept 30, 2023. The deadline was later extended to Oct 7, 2023. Deposit and exchange services at bank branches were discontinued on Oct 7.

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  Paytm takes strategic measures amid PPBL crisis: Discontinues inter-company agreements

  Business | March 01, 2024 10:00 IST

  Amid regulatory pressure from the Reserve Bank of India (RBI), Paytm's parent company, One 97 Communications, has taken decisive steps to sever inter-company agreements with Paytm Payments Bank Limited (PPBL).

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  Amazon Pay receives RBI's nod as payment aggregator: Full list of all authorised online aggregators

  Business | February 28, 2024 14:06 IST

  Amazon Pay, a leading digital payments platform under Amazon India, has received authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator (PA). This accreditation allows Amazon Pay to join a prestigious group of companies, including Zomato, Google Pay, Zoho, and others.

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  Paytm shares settle marginally lower after hitting upper circuit limit in intra-day trade

  Business | February 27, 2024 18:05 IST

  Paytm business news: Vijay Shekhar Sharma has stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited and the board of the bank has been reconstituted, a filing said on Monday, adding PPBL will commence the process of appointing a new chairman.

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  Why did Vijay Shekhar Sharma resign as chairman of Paytm Payments Bank? | EXPLAINED

  Explainers | February 27, 2024 11:50 IST

  Vijay Shekhar Sharma, CEO of Paytm, resigned as non-executive chairman and board member of Paytm Payments Bank due to regulatory challenges, including RBI's directive to wind down operations by March 15. The RBI's concerns stemmed from compliance issues and perceived proximity to Paytm.

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  Bank Holidays in March 2024: Banks to remain closed on these 14 days. check full list here

  Business | February 26, 2024 11:13 IST

  Bank Holidays: While physical branches may be closed, online banking services remain operational throughout the holidays. It's essential for individuals to plan their visits and transactions accordingly.

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  RBI asks NPCI to help continue UPI operations of Paytm App

  Business | February 23, 2024 16:59 IST

  Last month, the RBI barred Paytm Payments Bank Ltd (PPBL) from further deposits or credit transactions or top ups in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc., other than any interest, cashbacks, or refunds which may be credited anytime.

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  Can you continue to use Paytm FASTag for toll payments? Check RBI FAQs for customers

  Business | February 19, 2024 8:37 IST

  FASTags issued by Paytm Payments Bank will no longer support top-up or recharge functionalities from March 15 onwards.

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  Paytm signs new banking partner to continue ‘seamless’ transactions in bid to survive current crisis

  Business | February 17, 2024 6:15 IST

  The action against Paytm Payments Bank was triggered by what the RBI officials described as persistent non-compliance with regulations. Earlier this week, the ED began looking into details of overseas transactions on the platform.

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  Paytm QR, soundbox and EDC to work post March 15, RBI issues FAQs on Paytm payments bank

  Business | February 27, 2024 17:50 IST

  Paytm news: The Paytm Payments Bank Business Correspondent (Bank Agent) can help you to withdraw money from your bank account upto the balance available in your account.

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  RBI gives 15-day relaxation to Paytm Payments Bank to stop deposits, credit transactions

  Business | February 16, 2024 18:05 IST

  RBI has asked Paytm Payments Bank to facilitate seamless withdrawal of customer deposits parked with partner banks.

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  SBI seeks lower cash reserve ratio requirement on green deposits, says chairman Dinesh Khara

  Business | February 16, 2024 12:47 IST

  SBI introduced a green deposit scheme last month, a significant initiative in the domestic banking sector.

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  RBI directs Visa, Mastercard to halt card-based commercial payments: Here's why

  Budget | February 14, 2024 23:36 IST

  The development comes on the heels of the RBI initiating regulatory actions against Paytm Payments Bank. Transactions done at other business outlets which may not be authorised to accept commercial card payments have been asked to be temporarily halted.

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  RBI plans to replace OTPs with new technology to combat digital scams | Deets inside

  Technology | February 14, 2024 8:36 IST

  Reserve Bank of India (RBI) is reportedly aiming to enhance digital payment security by replacing SMS-based OTPs with more secure authentication methods, such as authentication apps or biometric sensors on smartphones.

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  Paytm timeline to restart sanctioning of loans to end on February 14

  Business | February 14, 2024 7:51 IST

  Paytm President and Chief Operating Officer Bhavesh Gupta indicated a temporary halt in issuing new loans to address operational challenges stemming from RBI restrictions on Paytm Payments Bank.

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  Paytm plunges nearly 8 per cent to hit 52-week low; here's why

  Business | February 13, 2024 12:29 IST

  On the BSE, the stock fell by 7.50 per cent to reach Rs 390.90 per share, while on the NSE, it declined by 7.28 per cent to Rs 391.45 per share.

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  RBI rules out review of action against Paytm Payments Bank, to issue FAQ this week

  Business | February 12, 2024 21:02 IST

  Reserve Bank of India Governor Shaktikanta Das said there was "hardly any room" to review the action taken against Paytm Payments Bank.

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  Govt examining foreign direct investment flow from China in Paytm Payments Services: Sources

  Business | February 11, 2024 19:14 IST

  In November 2020, PPSL had applied for a licence with the Reserve Bank of India (RBI) to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment Gateways.