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paytm bank: Paytm discontinues inter-company agreements with Paytm Payments Bank

Paytm and its associate entity Paytm Payments Bank Ltd (PPBL) have ‘mutually agreed’ to discontinue various inter-company agreements to reduce dependencies, the embattled fintech said on Friday.Further, shareholders of PPBL have agreed to simplify the shareholders agreement (SHA) to support the company’s governance independent of its shareholders, One 97 Communications Ltd (OCL), which runs Paytm, informed stock exchanges.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology…

Paytm shares rally 4% on cutting dependency on payments bank

Shares of One 97 Communications today rallied 4% to the day's high of Rs Rs 420 after Paytm and Paytm Payments Bank mutually agreed to discontinue various inter-company agreements."One 97 Communications Ltd (Paytm) would like to inform that the Company and its associate entity, Paytm Payments Bank Limited (PPBL), have introduced additional measures to strengthen their approach towards independent operations of PPBL," Paytm said in a statement.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Vijay Shekhar Sharma: Vijay Shekhar Sharma resigns from board of Paytm Payments Bank

One 97 Communications Ltd (OCL), the parent company that owns and operates the Paytm brand, on Monday said its founder Vijay Shekhar Sharma will be stepping down as part-time non-executive chairman and board member at associate entity Paytm Payments Bank Ltd (PPBL) as part of a board restructuring.OCL also said, in a BSE filing on Monday, that it has withdrawn all nominees from the payments bank’s board.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme…

Users report disruptions – India TV

Image Source : FILE UPI Payment failed Users across India are encountering difficulties while making UPI payments through popular UPI-enabled applications like Google Pay, PhonePe, Paytm, BHIM and more. Several users have posted on the micro-blogging platform (X, formerly known as Twitter). What is the problem with the UPI? The failed payment issue has

Google Pay introduces new RuPay Credit Card support on UPI: How to use?

Image Source : GOOGLE PAY Google Pay introduces new RuPay Credit Card support on UPI: How to use? Google Pay has collaborated with the National Payments Corporation of India (NPCI) to enable the integration of RuPay credit cards with the Unified Payments Interface (UPI). Now, users have the option to link their RuPay credit cards with Google Pay, allowing them to…

state bank of india: SBI slow in procurement from GeM portal; lags behind smaller counterparts in 2022-23

India’s largest lender SBI was quite slow in procuring goods and services from government-owned GeM portal in 2022-23 and lagged behind smaller counterparts, including Canara Bank and Punjab National Bank, according to the government data. Canara Bank emerged as the largest buyer among the state-owned lenders in 2022-23, making total purchases of Rs 592.82 crore from the portal, the data showed. Punjab National Bank (Rs 164.57 crore) was the second largest, followed by Indian Overseas Bank (Rs 159.82 crore), State Bank of…