Shares of Paytm plunged 10% on Monday, the third consecutive session of declines, touching an all-time low of 438.35 Indian rupees (or $5.28) after the RBI’s clampdown last […]
Indian central bank’s clampdown wipes $2.1 billion off Paytm
Shares of Paytm fell another 20% Friday before hitting the lower circuit that temporarily halts trading as the Indian financial services firm reels from the clampdown by the […]
India’s central bank weighs revoking Paytm’s payments bank licence
The Reserve Bank of India is discussing more penalties on Paytm Payments Bank and may reach a decision within days, two sources familiar with the matter told TechCrunch. […]
Paytm to terminate business with Paytm Payments Bank after central bank’s clampdown
Paytm said Thursday that it will cease working with its associate Paytm Payments Bank and accelerate plans to partner with other banks, after India’s central bank barred Paytm […]
India’s central bank slaps Paytm Payments Bank with new curbs
The Reserve Bank of India issued new curbs against Paytm’s Payments Bank, which processes transactions for financial services giant Paytm, prohibiting it from accepting deposits, credit transactions, top-ups […]
Google pulls Binance, other global crypto apps from India store
Google pulled many crypto exchanges, including Binance and Kraken, from its Play Store in India on Saturday, the latest blow to India’s already dwindling web3 dream. The ban […]
Is India done with crypto?
As SEC’s landmark spot Bitcoin ETF approval fuels price surge, world’s most populous nation douses its crypto dreams. Manish Singh 9 hours It wasn’t long ago when Indian […]
India widens regulatory grip over tech firms
In 2023, India introduced a series of regulations and tweaked policies that borrowed from Europe’s antitrust approach and Chinese-style government surveillance, alarming executives and investors in the world’s […]
Indian central bank tightening consumer loans curb to impact startups
India’s central bank has enforced several measures to cool down high growth in consumer credit in a move that will impact consumer spending and many startups in the South Asian […]