Tag: bank
Citi profit beats estimates, takes $483 million charge tied to severance costs – Times of India
[ad_1] Citigroup‘s first-quarter profit fell 27% but beat market expectations on Friday, while taking a $483 million charge tied to CEO Jane Fraser’s sweeping reorganization. Net income fell to $3.4 billion, or $1.58 per share, in the three months ended March 31, the bank said on Friday. That compares with $4.6 billion, or $2.19 per…
Yellen warns China banks over Ukraine – Times of India
[ad_1] US treasury secretary Janet Yellen wrapped up four days of talks in China with a warning to the country’s banks and exporters: If you help bolster Russia‘s military capacity, Washington will come after you.“I stressed that companies, including those in the PRC, must not provide material support for Russia’s war, and that they will…
Fastag users need to shift to another bank – Times of India
[ad_1] MUMBAI: RBI‘s FAQ on what next for Paytm customers makes it clear that while most of Paytm Payments Bank functions will be halted, the digital infrastructure that the company has built for UPI payments will continue – both for customers and shopkeepers who do not have accounts in PPBL.What happens after RBI’s extended deadline…
RBI Takes Action on Paytm for ‘Persistent Non-Compliance’ | India Business News – Times of India
[ad_1] MUMBAI: RBI on Thursday indicated there are issues beyond KYC compliance with Paytm Payments Bank and it is unlikely to let it off the hook. The regulator, however, clarified that the restrictions apply to PPBL and the digital wallet but not to the UPI app, which will continue to work seamlessly with other bank…
Paytm falls again as regulator weighs canceling Bank permit – Times of India
[ad_1] NEW DELHI: Paytm’s stock fell for a third straight day as India’s central bank considers scrapping the license of Paytm Payments Bank Ltd., adding to the mounting troubles at the once-celebrated fintech startup.India’s banking regulator is weighing the removal of the permit after finding several lapses at Paytm Payments Bank including multiple transactions beyond…