Paytm Payments Bank

Saturday, Apr 20, 2024 | Last Update : 12:42 AM IST

The bank has been included in the Second Schedule to the Reserve Bank of India Act, 1934. As per the Act, banks satisfying the RBI that its affairs are not being conducted in a manner detrimental to the interests of its depositors, are included in the second schedule. — PTI

Paytm gets scheduled bank status

While a payments bank cannot access the call money market or the interbank line, a scheduled bank can

10 Dec 2021 9:15 AM

Paytm Founder Vijay Shekhar Sharma holds 51 per cent share in Paytm Payments Bank, while the rest is held by One97 Communications.

Paytm Payments Bank posts profit of Rs 19 cr in FY'19

PPBL claimed to lead mobile banking transactions with over 19 per cent market share as of March 2019.

23 May 2019 12:26 PM

Chahal is the founder and CEO of SHEROES -- a community platform for women.

Paytm Payments Bank appoints Sairee Chahal to board of directors

PPB has 4.4 crore savings bank accounts with deposits of over Rs 400 crore as well as 26 crore wallet accounts.

20 Apr 2019 12:33 PM

Expertise will help us realise the vision that we have set out for our Payments Bank, says Paytm's Founder and CEO Vijay Shekhar Sharma.

Paytm Payments Bank names Satish Kumar Gupta as MD, CEO

Gupta comes with over 35 years of experience in the field of Banking.

25 Oct 2018 11:48 AM

Paytm Payments Bank CEO Renu Satti has resigned from the role and will now head Paytm's new retail initiative. (Photo: Twitter)

Renu Satti quits as Paytm Payments Bank CEO, to head retail initiative

Local ordering is expected to become one third of Paytm orders and gross merchandise value (GMV) by 2020.

28 Jul 2018 3:42 PM

Paytm, digital wallet provider, has started its own payments bank. (Photo: AFP)

Paytm adds over 120,000 physical KYC points in India

RBI's new guidelines say all prepaid instruments need to ensure their customers are KYC-enabled.

25 Oct 2017 5:22 PM

Paytm Payments Bank is one of major digital payments banks in India. (Photo: PTI)

Paytm Payments Bank aims to reach over 500 mn wallets in 3 years

Company also aims to add over 10,000 KYC personnel to its existing workforce to achieve this target.

24 Oct 2017 11:48 AM

Bank has proposed to set up 31 branches, 33 controlling offices and 3,000 access points by March 31, 2018.

Paytm Payments Bank logs Rs 30.7 crore loss in Aug'16 - Mar'17

Payments banks can accept deposits from individuals and small businesses up to Rs 1 lakh per account.

04 Oct 2017 9:29 AM

Paytm Founder and Chief Executive Vijay Shekhar Sharma (Photo: Youtube screengrab)

Paytm Payments Bank partners with NPCI for RuPay digital card

RuPay-powered digital debit card will be issued to all customers who have opened their bank accounts with PPB.

11 Sep 2017 8:19 PM

Paytm has launched India's second payments bank after Airtel.

Paytm Payments Bank: No minimum balance required

PPB may attract large number of customers who are part of India's traditional banking system.

23 May 2017 2:34 PM

Paytm launches payments bank for customers

The payments bank was launched with 4 per cent interest rate and cashbacks on deposits.

23 May 2017 11:32 AM

Paytm Payments Bank starts, eyes 500 mn customers

Paytm Payments Bank aims to open 31 branches and 3,000 customer service points in its first year.

23 May 2017 11:00 AM

Paytm hopes to start payments bank by month-end

Company founder says greater penetration of mobile Internet connectivity will further grow its business.

17 Mar 2017 5:11 PM

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Shobhaa De

paytm payments bank