Month: March 2024

Paytm Fastag users can still pay at toll plazas even after the March 15 deadline. Paytm Payments Bank has been transitioning its users to other banks as per RBI guidelines. Although Paytm has been removed from the list of Fastag issuers by NHAI, users can still use their Paytm Fastag to make payments at toll plazas if they have a sufficient balance in their Fastag wallet. However, since RBI has banned Paytm Payments Bank from accepting deposits, users cannot top up their Paytm-issued Fastags. It is advised for users to seek a refund and discontinue using the Paytm Fastag to avoid any inconvenience. The article provides instructions on how to request a refund through the Paytm app. Paytm Fastag: In recent times, there has been confusion among Paytm Fastag users regarding their ability to ...

The National Bank for Agriculture and Rural Development (NABARD) has projected a credit potential of Rs 2,43,093 crore for Bihar in the fiscal year 2024-25. This estimate takes into account the Reserve Bank of India’s priority sector-based guidelines, as well as central and state government policies related to sustainable agriculture and rural development. The State Focus Paper 2024-25 for Bihar, which compiles the assessed credit flow across all 38 districts, was unveiled during NABARD’s credit seminar. Notably, the total credit flow under the priority sector for the specified year is estimated at Rs 2,43,093 crore1234. Development Commissioner Chaitanya Prasad emphasized the importance of credit intensification through specific planning for various sub-sectors within agriculture ...

In a recent development, Paytm Payments Bank has suspended its Paytm UPI and bill payment services in compliance with the directives of the Reserve Bank of India (RBI). However, users can still continue using UPI services on the Paytm app by linking their accounts from other banks. Paytm has been granted permission by the National Payments Corporation of India (NPCI) to operate as a Third-Party Application Provider (TPAP) under the multi-bank model. Axis Bank, HDFC Bank, State Bank of India, and YES Bank will serve as Payment System Provider (PSP) banks to facilitate transactions on the Paytm platform. To set up SBI, ICICI, HDFC, or any other bank account on Paytm UPI, users need to follow these 5 simple and easy steps: Update your Paytm app and open it. Tap on your profile icon l...

Paytm’s stock has seen a notable uptick, hitting the upper circuit for two consecutive sessions, with the latest trading price reported at ₹389.20. This surge comes amidst a broader context of regulatory and business updates that have influenced investor sentiment. In recent news, the Reserve Bank of India (RBI) has made announcements that could potentially impact Paytm’s operations, leading to a fluctuation in stock prices. Additionally, advisory committees and financial analysts are closely monitoring Paytm’s business strategies and regulatory engagements to assess any potential issues. The Bullish Surge of Paytm: Analyzing Consecutive Upper Circuit Hits Investors are keeping a keen eye on the National Payments Corporation of India’s (NPCI) response to Paytm’s request to become a th...