Banks, financial entities must prioritise governance, compliance: Guv Das

The Reserve Bank of India (RBI) Governor Friday directed banks and other players in the financial sector to prioritise governance and adhere to rules weeks after placing restrictions on two finance companies and a payment bank for violating regulations. “Let me emphasise here that banks, NBFCs and other financial entities must continue to give the … Read more

Paytm: Paytm stock plunges 20% after downgrades by brokerages

Mumbai: Shares of One97 Communications, the parent of digital payments firm Paytm, plunged 20% Thursday – the lowest tradable limit of the day – even as analysts downgraded the stock after the Reserve Bank of India directed subsidiary Paytm Payments Bank to stop offering its key services after February 29. The stock closed at ₹608.80 … Read more