The RBI has cancelled Paytm Payments Bank’s license due to regulatory non-compliance, citing detrimental operations and prejudiced management. While Bernstein views this as incrementally negative for parent One 97 Communications, they maintain an ‘Outperform’ rating, seeing potential for new licenses. Paytm assures stakeholders its core services remain unaffected.
Banks propose ‘Yes-No’ prompt for high-risk UPI transfers to curb digital payment frauds
Indian banks are proposing payment app prompts to curb rising digital frauds. This aims to balance fraud prevention with maintaining digital payment convenience. Banks suggest