Community & General News


ICAI to Scrutinize Paytm, Progress Update on BYJU'S Review

 26 February 2024 at 15:43

ICAI President disclosed that the FRRB may soon discuss the recent developments surrounding Paytm, alongside its ongoing review of ed-tech giant Byju's accounts due to governance concerns.

Posted in Community & General |   5295 Views


RBI Announces Additional Steps for Paytm Payments Bank Customers and Merchants

 26 February 2024 at 09:10

Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949 - Additional Steps

Posted in Community & General |   1719 Views


Byju's Founder Faces ED Notice Over Rs 9362 Crore FEMA Violation

 23 February 2024 at 09:09

ED has reportedly prolonged its lookout circular (LOC) against Byju Raveendran, the founder of the embattled ed-tech giant Byju's, as part of an ongoing investigation into alleged violations of the FEMA.

Posted in Community & General |   1947 Views


RBI Takes Action Against Paytm Payments Bank under Banking Regulation Act

 17 February 2024 at 08:45

Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949

Posted in Community & General |   2604 Views


Supreme Court Strikes Down Electoral Bonds, Halts SBI Issuance

 15 February 2024 at 13:02

On February 15th, the Supreme Court delivered its long-awaited verdict on a series of petitions challenging the Electoral Bond scheme, a system allowing for anonymous funding to political parties. The landmark judgment, delivered by a five-judge Cons

Posted in Community & General |   5490 Views


UPI Goes Global - Payments Now Accepted in 7 Countries

 13 February 2024 at 09:11

In a significant move to enhance cross-border digital transactions, the Ministry of External Affairs announced the extension of Unified Payment Interface (UPI) services to Sri Lanka and Mauritius.

Posted in Community & General |   3090 Views


RBI Clarifies: Paytm App Unaffected, Only Payments Bank Under Scrutiny

 12 February 2024 at 09:16

In a press conference on Thursday, the Reserve Bank of India (RBI) clarified that its recent directive concerns Paytm Payments Bank and not the Paytm app itself.

Posted in Community & General |   4809 Views


RBI Expected to Provide Clarification on Paytm Services, Says Financial Services Secretary

 09 February 2024 at 09:16

The Reserve Bank of India (RBI) is deliberating on potential actions regarding Paytm Payments Bank (Paytm PB) following regulatory non-compliance issues

Posted in Community & General |   2712 Views


RBI Keeps Repo Rate Unchanged At 6.50%

 08 February 2024 at 13:07

On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today

Posted in Community & General |   2037 Views


Paytm CEO Meets FM Nirmala Sitharaman Amid Paytm Payment Bank Crisis

 08 February 2024 at 09:28

In a bid to address the escalating crisis involving Paytm's banking arm, Paytm Payment Bank (PPBL), Vijay Shekhar Sharma, the founder and CEO of Paytm, held a crucial meeting with Union Finance Minister Nirmala Sitharaman on February 6.

Posted in Community & General |   2922 Views



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