Vijay Shekhar Sharma

Paytm founder Vijay Shekhar Sharma acknowledges crucial role of regulatory engagement

Sharma emphasised the importance of clarity amid ambiguity, stressing the significance of perseverance in achieving the company's mission.

06 March 2024, 00:19 IST

Paytm founder Vijay Shekhar Sharma acknowledges crucial role of regulatory engagement

06 March 2024, 00:19 IST

Paytm Payments Bank failed to put apparatus for detecting, reporting suspicious transactions under PMLA: FIU

The federal financial intelligence gathering and dissemination agency said in its March 1 order that these charges against the bank, a registered reporting entity with the FIU under the PMLA, were 'substantiated' after more than four years of investigation and a show cause notice that was issued against it on February 14, 2022.

05 March 2024, 12:34 IST

Paytm Payments Bank failed to put apparatus for detecting, reporting suspicious transactions under PMLA: FIU

05 March 2024, 12:34 IST

Paytm shares fall 5%; hit lower circuit limit

The dramatic turn of events assumes significance in the backdrop of RBI's crackdown on Paytm Payments Bank over persistent non-compliance and continued material supervisory concerns.

28 February 2024, 07:34 IST

Paytm shares fall 5%; hit lower circuit limit

28 February 2024, 07:34 IST

Amid crisis, Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

The Reserve Bank has barred the PPBL from accepting deposits and credits from any customer post-March 15 for persistent non-compliances and continued material supervisory concerns in the bank.

26 February 2024, 14:49 IST

Amid crisis, Vijay Shekhar Sharma steps down as Paytm Payments Bank chairman

26 February 2024, 14:49 IST

Paytm shares drops over 9% after two-day recovery

Despite a firm beginning, the stock tanked 9.41% to Rs 450 on the BSE. At the NSE, it plunged 9.31% to Rs 450.

08 February 2024, 05:59 IST

Paytm shares drops over 9% after two-day recovery

08 February 2024, 05:59 IST

The Reserve Bank of India doesn’t get payments

Ever since the 2008 Global Financial Crisis, regulators have been leaning on lenders to write their “living wills,” or plans to honor liabilities in case trouble on the asset side of the balance sheet leads to distress or failure. But a payments bank in India isn’t permitted to lend, and can take only 200,000 rupees ($2,400) in deposits, well within the 500,000 rupees covered by insurance.

06 February 2024, 03:36 IST

The Reserve Bank of India doesn’t get payments

06 February 2024, 03:36 IST

Paytm founder Vijay Shekhar Sharma: From architect of fintech powerhouse to controversies

Sharma made a splash in 2018 by getting $300 million investment in Paytm from Warren Buffett's Berkshire Hathaway.

04 February 2024, 13:24 IST

Paytm founder Vijay Shekhar Sharma: From architect of fintech powerhouse to controversies

04 February 2024, 13:24 IST

Paytm Payments Bank will work as usual after February 29: Founder Vijay Shekhar Sharma

As an immediate precautionary step, PPBL recently issued a statement notifying RBI directions under section 35A of the Banking Regulation Act, 1949 and clarified that it is 'complying with the RBI directions and working to address their concerns as quickly as possible'

02 February 2024, 09:00 IST

Paytm Payments Bank will work as usual after February 29: Founder Vijay Shekhar Sharma

02 February 2024, 09:00 IST

Paytm founder bets on young wealth to hit profit sooner

Billionaire founder-CEO Vijay Shekhar Sharma is overhauling its suite of money management products to better tap growing wealth among younger users, who’re warmer to the idea of investing online.

21 December 2023, 04:50 IST

Paytm founder bets on young wealth to hit profit sooner

21 December 2023, 04:50 IST

Paytm CEO says there will be no more cash burn

In November, Paytm said it would become free cash flow positive in the next 12-18 months

21 December 2022, 16:14 IST

Paytm CEO says there will be no more cash burn

21 December 2022, 16:14 IST