What's happening with PayTM seems very suspicious
The show cause notice now about misrepresentation of facts. Not sure if they really made so many mistakes, or are being stopped from becoming something for other reasons.
Moneycontrol is ultra negative on Paytm. It’s owner is wellll.., what do you think?
There is no baise towards anyone but what they reported is actually true. It was said by the RBI deputy governor and they just quoted him.
But its true.
Media companies are a strategic investment these days by corporations.. it painful to see this…
see this video - https://www.youtube.com/watch?v=aJBO5arsQrU
all will be clear why Paytm fully deserves the kick it got.
The show cause notice now about misrepresentation of facts. Not sure if they really made so many mistakes, or are being stopped from becoming something for other reasons.
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...
Was reading a thread where people were saying don't be in shock if Ambani/Reliance starts making move after RBI's action on Paytm. I initially thought it to be a meme. Now I am just curious.
Is the system really fair to allow such move...
And how is the system unfair? IF at all JioFin were to acquire Paytm's unit, there is nothing wrong, any busines...