by JazzyBiscuitMoengage
Paytm folks?
What's happening in the company? Is there a comeback plan in action? Are you guys working on shifting the existing merchants to a different bank? Give us some insider info👀
DerpyBoba
RBI vs Paytm discussion post
Is there anyone from Paytm who knows what's going on ?
16mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
ZippyMarshmallow
Stealth16mo
Nothing RBI just playing big daddy for their rotlu banks:
- In 2022, they did the same with Slice and other similar companies. Why? because at one point of time they were issuing more credit cards than most of the leading banks.
2.Now with Paytm: Yes some crabs will enjoy this downfall(don’t know why?) but tell me why couldn’t RBI impose a fine on a public listed company rather than making them shut down their shops. Haven’t banks flouted the rules in the past? We have numerous examples: Yes Bank, ICICI, multiple Cooperative banks.
ZestyUnicorn
PayTM16mo
Dude, rhetoric statement of xyz having broken laws don't work. Be specific
GigglyWaffle
Stealth16mo
Payments bank and corporate bank are two different things buddy. And may some shady things were going on behind the curtain in the name of "payments bank". Better not to degrade the backbone of our economy who have handled many mishaps in the past.
BouncyMarshmallow
Stealth16mo
Ambani is working on an app ,😜
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Indian Startups16mo
by SleepyMarshmallowZomato
Paytm gets a shock from RBI
PAYTM Payments Bank essentially asked to shut shop.
Afaik here are the few implications
- Stock market will react in a bad way to them
- Worst affected are going to be FasTag users who bought from PayTM.
- No deposits / credits...
Top comments
That stock is about to crash so fucking hard. Thank god i got out. The crappiest IPO of this decade.
This is eerily reminiscent of Razorpay debacle. Something similar has even happened to AmEx at some point in India. ...
Very bad. This was my everyday bank account for small transactions. Easy to remember account number also
Personal Finance16mo
by SqueakyMuffinZomato
Going to buy Paytm Stock
RBI is a big bully, everybody knows that. RBI has bullied the likes of HDFC, ICICI and a lot of fintech startups. All it wants is that these folks are compliant with the rules.
RBI is one of the most stringent Central banks in the world...
News Discussion18mo
by SwirlyTacoPayTM
Brace for impact people in lending biz!!!
After the recent RBI mandate to banks and NBFCs against unsecured personal loans, the lenders have pulled back their hands from digital lending. My company has already started facing the impact. Tomorrow onwards we won't be able to disbu...
Top comment
Okay . Stop reading from headlines. RBI ,just like it does with monetary policy, has pulled some strings, which is go...