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Articles for Banking & Finance

Paytm Categorically Denies Reports Of ED Investigation For Money Laundering

The release stated, "We are exploring all options to ensure that our stakeholders are protected from unwarranted and speculative stories."

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Switch To Other Payment Apps: CAIT Advises Trades Amid Paytm Row

The central bank is concerned that some of the accounts could have been used for money laundering

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Thousands Of Accounts At Paytm Payments Bank Set Up Improperly: Report

The central bank is concerned that some of the accounts could have been used for money laundering

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SBI Q3 FY24: Net Profit Rs 9,164 Cr, 36% Decrease from Q2

In Q3 FY23, the profit was Rs 14,205 crore, marking a 35.49 per cent decrease compared to the same period this year.

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RBI Issues Advisory Regarding KYC Updation Frauds

In case of financial cyber fraud, public should immediately lodge a complaint on the National Cyber Crime Reporting Portal, RBI advised

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IBBI Simplifies Regulatory Framework For Insolvency Professional Entity

The regulator clarified disciplinary proceedings, the limit on the number of assignments, and fee structures for Insolvency Professional Entities (IPEs)

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RBI's Directive Affects Paytm Payments Bank Solely, Not Paytm App

Paytm's founder and CEO, Vijay Shekhar Sharma, posted about the functioning of the Paytm app and appreciated the support the company is getting

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RBI Imposes Rs 5 Lakh Penalty On Bajaj Housing Finance For Non-compliance

RBI stated in an order that Bajaj Housing Finance Limited didn't comply with the 'Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021' issued by the central bank.

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