RBI Cancels Paytm Payments Bank Licence, Shares Drop
The RBI formally cancelled Paytm Payments Bank's licence under the Banking Regulation Act, citing governance failures and non-compliance, sending Paytm shares down as much as 8.37%.
Tag
banking-licence
RBI Cancels Paytm Payments Bank Licence, Stock in Focus
The RBI has cancelled Paytm Payments Bank's banking licence, triggering its shutdown. Paytm says it does not expect a material business impact due to its prior separation from the payments bank. Bernstein retained a positive view on the stock but flagged concerns about the regulatory tone from the RBI.
← Back
Tag
banking-licence
Paytm Tanks 8% After RBI Revokes Payments Bank Licence
The RBI formally cancelled Paytm Payments Bank's licence under the Banking Regulation Act, citing governance failures and non-compliance, sending Paytm shares down as much as 8.37%.
3mo ago · 3 min · Markets
Paytm shares in focus as Paytm Payments Bank set to shut down after RBI cancels banking license. What lies ahead?
The RBI has cancelled Paytm Payments Bank's banking licence, triggering its shutdown. Paytm says it does not expect a material business impact due to its prior separation from the payments bank. Bernstein retained a positive view on the stock but flagged concerns about the regulatory tone from the RBI.
4mo ago · 1 min · Markets
— End of feed —