Shares of Paytm’s parent company, One 97 Communications, surged 5% due to the resolution of the regulatory crisis. Analysts expect recovery and growth despite the challenges faced by Paytm Payments Bank. RBI extended the ban by 15 days, but services will not be disrupted.
Sebi relaxes re-KYC process for NRIs; removes physical presence clause
Markets regulator Sebi on Wednesday eased the re-KYC process for Non-Resident Indians (NRIs) by removing the requirement for them to be physically present in India