NIFTY 5023,501.1
-65.90(-0.28%)
SENSEX77,209.9
-269.03(-0.35%)
NIFTY BANK51,661.45
-121.80(-0.24%)
NIFTY NEXT 5071,111.8
-520.40(-0.73%)
NIFTY 10024,555.5
-94.35(-0.38%)
NIFTY MIDCAP 5015,623.8
7.20(0.05%)
NIFTY SMLCAP 508,533.5
-8.20(-0.10%)
MIDCAP45,967.07
-119.46(-0.26%)
NIFTY MID SELECT12,164.8
25.75(0.21%)
CERA SANITARYWARE LTD9,090.3
794.85(9.58%)
RAILTEL CORP OF IND LTD476
41.55(9.56%)
BHARAT PETROLEUM CORP LT307.6
-318.65(-50.88%)
HINDUSTAN PETROLEUM CORP340.85
-182.95(-34.93%)
NIFTY 5023,501.1
-65.90(-0.28%)
SENSEX77,209.9
-269.03(-0.35%)
NIFTY BANK51,661.45
-121.80(-0.24%)
NIFTY NEXT 5071,111.8
-520.40(-0.73%)
NIFTY 10024,555.5
-94.35(-0.38%)
NIFTY MIDCAP 5015,623.8
7.20(0.05%)
NIFTY SMLCAP 508,533.5
-8.20(-0.10%)
MIDCAP45,967.07
-119.46(-0.26%)
NIFTY MID SELECT12,164.8
25.75(0.21%)
CERA SANITARYWARE LTD9,090.3
794.85(9.58%)
RAILTEL CORP OF IND LTD476
41.55(9.56%)
BHARAT PETROLEUM CORP LT307.6
-318.65(-50.88%)
HINDUSTAN PETROLEUM CORP340.85
-182.95(-34.93%)

Market Movers

Today's Gainers
Today's Losers
NameLastChg.%Vol.
CERA SANITARYWARE LTD
9,090.30
+9.58%
794.85M
RAILTEL CORP OF IND LTD
476.00
+9.56%
41.55M
TITAGARH RAIL SYSTEMS LTD
1,582.70
+5.86%
87.60M
RAIL VIKAS NIGAM LIMITED
409.75
+5.80%
22.45M
HONASA CONSUMER LIMITED
449.90
+5.54%
23.60M

Trending Stocks

Trending ETFs
UpTrend
NameLastChg.%Vol.
NIP IND ETF GOLD BEES
61.53
+0.82%
0.50M
NIP IND ETF PSU BANK BEES
82.52
-0.77%
-0.64M
CPSE ETF
93.18
-0.48%
-0.45M
NIP IND ETF IT
37.58
+0.86%
0.32M
NIP IND ETF LIQUID BEES
1,000.00
+0.00%
0.00M

Stock Action

52 Week High
52 Week Low
NameLastChg.%Vol.
MIRAEAMC - MAESGETF
39.53
-0.43%
-0.17M
PRITISH NANDY COMMUNICATI
67.01
-1.24%
-0.84M
RASHTRIYA CHEMICALS & FER
207.79
-6.51%
-14.47M
V-GUARD IND LTD.
424.80
+3.07%
12.65M
NIPPON L I A M LTD
664.45
+1.76%
11.50M
return to news
  1. Paytm to form advisory committee on compliance, regulatory matters

Business News

Paytm to form advisory committee on compliance, regulatory matters

Author

2 min read | Updated on February 10, 2024, 10:05 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

The committee will be headed by former SEBI chairman Meleveetil Damodaran

Stock list

Paytm-devices.webp

Paytm advisory committee will work closely with the board

BENGALURU, Feb 9 (Reuters) - Paytm will form an advisory committee on compliance and regulatory matters, the payments firm said on Friday, a week after India's central bank ordered its banking affiliate to wind down.

Former chairman of India's markets regulator, M. Damodaran, will lead the panel, which "will work closely with the board", Paytm said.

Last week, the Reserve Bank of India (RBI) ordered Paytm affiliate Paytm Payments Bank to shut most of its business, including deposits, credit products and its popular digital wallets, by Feb. 29, citing "persistent non-compliance."

The bank is a regulated entity that accepts the deposits for the Paytm users to then make transactions on the app.

Paytm has also drawn scrutiny over foreign exchange rule violations from India's anti-fraud agency. The company has said that the claims were "unfounded and factually incorrect".

The payments firm competes with the likes of Walmart's PhonePe and Google, and is widely used for everything from buying groceries to household items.

Since the RBI action on Jan.31, Paytm stock has lost 45% of its value, eroding $2.6 billion of shareholders' wealth.

Paytm has also drawn scrutiny over foreign exchange rule violations from India's anti-fraud agency. The company has said that the claims were "unfounded and factually incorrect".

The payments firm competes with the likes of Walmart's PhonePe and Google, and is widely used for everything from buying groceries to household items.

Since the RBI action on Jan.31, Paytm stock has lost 45% of its value, eroding $2.6 billion of shareholders' wealth.

About The Authors

Upstox News Desk
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance. The desk writes news articles, analyses and explainers on IPOs, earnings, fundraises, stocks movements, benchmark indices, gold rates, crude prices, financial regulations, GDP growth, inflation trends, and much more.

Market Movers

Today's Gainers
Today's Losers
NameLastChg.%Vol.
CERA SANITARYWARE LTD
9,090.30
+9.58%
794.85M
RAILTEL CORP OF IND LTD
476.00
+9.56%
41.55M
TITAGARH RAIL SYSTEMS LTD
1,582.70
+5.86%
87.60M
RAIL VIKAS NIGAM LIMITED
409.75
+5.80%
22.45M
HONASA CONSUMER LIMITED
449.90
+5.54%
23.60M

Trending Stocks

Trending ETFs
UpTrend
NameLastChg.%Vol.
NIP IND ETF GOLD BEES
61.53
+0.82%
0.50M
NIP IND ETF PSU BANK BEES
82.52
-0.77%
-0.64M
CPSE ETF
93.18
-0.48%
-0.45M
NIP IND ETF IT
37.58
+0.86%
0.32M
NIP IND ETF LIQUID BEES
1,000.00
+0.00%
0.00M

Stock Action

52 Week High
52 Week Low
NameLastChg.%Vol.
MIRAEAMC - MAESGETF
39.53
-0.43%
-0.17M
PRITISH NANDY COMMUNICATI
67.01
-1.24%
-0.84M
RASHTRIYA CHEMICALS & FER
207.79
-6.51%
-14.47M
V-GUARD IND LTD.
424.80
+3.07%
12.65M
NIPPON L I A M LTD
664.45
+1.76%
11.50M

Next Story