Paytm shares hit all-time low, fall another 10% amid RBI crackdown
Paytm stock fell to Rs 438 today, down another 10% after falling almost 40% in the last two trading sessions.
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Paytm’s circuit band revised to 10% from 20% earlier
Shares of Paytm crashed 20% on both Thursday and Friday after the Reserve Bank of India imposed ‘severe’ restrictions on the company’s banking unit.
Working with regulator to address concerns, decision to impact EBITDA by upto Rs 500 crore: Paytm
Paytm has said that this decision by the RBI will impact their EBITDA annually by Rs 300-500 crore.
RBI, HDFC, ICICI Banks gets bomb threat mail demanding FM Nirmala Sitharaman’s resignation
The bomb threat email demanded the resignation of RBI Governor Shaktikanta Das and Union Finance Minister Nirmala Sitharaman.
RBI takes control of Abhyudaya Cooperative Bank amid governance concerns
RBI issued a press release on November 24 announcing that RBI has taken charge of Abhyudaya Cooperative Bank Ltd.
Ashok Vaswani appointed as new CEO of Kotak Mahindra Bank
RBI has approved the appointment of Ashok Vaswani as the new Managing Director & CEO of Kotak Mahindra Bank.
RBI releases list of upper layer NBCs for FY 2023- 24
The Reserve Bank of India (RBI) finally released the list of non-banking finance companies (NBFCs) in the upper layer under scale based regulation for NBFCs for the current year 2023-24.
Industry credit rises by 5.2% YoY in July says RBI data
According to the report, credit to aviation increased by 78.4% year over year to Rs 40,134 crore as of July 28 in the services sector.
RBI urges urban cooperative banks to strengthen governance
The quality of governance is the most important aspect in ensuring stability of individual banks, says RBI Governor Shaktikanta Das
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