India's Paytm plunged 20% after the ReserveBankOfIndia ordered its payment bank to halt business, threatening the company's path to profitability and the app it relies on. Via Chris Thomas Ira Dugal Siddhi Nayak for Reuters reuters.com/business/finan…

India's probe of Paytm widens; $2.5 bln wiped off shares in three sessions via Siddhi Nayak Reuters reuters.com/business/finan…

India's Paytm CEO meets ReserveBankOfIndia, finance minister Nirmala Sitharaman amid regulatory concerns - sources tell Siddhi Nayak Reuters reuters.com/business/finan…

ICYMI: ReserveBankOfIndia's clampdown on Paytm Payments Bank was the result of persistent non-compliance with regulations, top central bank officials said on Thursday, adding they took action after giving the company ample time to comply. via Siddhi Nayak Reuters reuters.com/world/india/in…

ICYMI: ReserveBankOfIndia stops certain Visa B2B card payments, sources tell Siddhi Nayak Jaspreet Kalra and Swati Bhat Reuters reuters.com/business/finan…

Paytm in talks with Axis Bank, HDFC Bank, SBI, Yes Bank to partner for UPI payments — Reuters’ Siddhi Nayak and Jaspreet Kalra report. Crucial step to keep UPI payments via Paytm going. Read here: reuters.com/business/finan…

India's Paytm likely to partner with four banks for enabling UPI transactions, sources tell Siddhi Nayak Jaspreet Kalra Reuters reuters.com/business/finan…

ICYMI: Paytm’s Vijay Shekhar Sharma quits payments bank board in major shakeup, story w/ Chris Thomas Siddhi Nayak Reuters reuters.com/world/india/pa…

Paytm Payments Bank hits the RBI deadline to wind down most of its businesses tomorrow. There will be some job losses and continued uncertainty of the purpose of that entity. Remember the RBI has not cancelled the Paytm Payment Bank licence yet or ordered a liquidation.

India's central bank is stepping up its fight against "exuberance" in retail lending, targeting new areas including mortgage-linked "top-up" loans, Algo based credit models and some co-lending, on concern about rising risks to the financial system. Swati Bhat Siddhi Nayak

🚨 Yes Bank appoints former Axis Bank veteran Sumit Bali to head its retail business. Story with Siddhi Nayak. rb.gy/iyerrm

India's Bandhan Bank surges 10% on cenbank nod for Partha Sengupta as CEO via Dimpal Gulwani Siddhi Nayak Reuters reuters.com/business/finan…

Indian banks' credit risk from Adani exposure seems contained, J.P. Morgan analysts say via Siddhi Nayak and Bharath Rajeswaran for Reuters reuters.com/world/india/in…

#Breaking New ReserveBankOfIndia governor, Sanjay Malhotra, has initiated a review of the central bank's inflation and growth forecasting tools to minimise projection errors, sources told Reuters . I report with Swati Bhat. reuters.com/world/india/in…

Credit bureaus updating retail borrower information every fortnight is a structural change which will help ease concerns around personal loan stress, SBI chairman CS Setty tells Siddhi Nayak and me. "Lenders now know that a certain customer has reached his leverage, and beyond

SCOOP: India's central bank soon set to tighten norms around gold loan underwriting, KYC and disbursals, after a year long review process uncovered a slew of unethical practices by lenders and agents. With Siddhi Nayak for Reuters. shorturl.at/KBhHy

🚀 𝗕𝗲𝘀𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗪𝗲𝗲𝗸: 𝗥𝗲𝘂𝘁𝗲𝗿𝘀 𝗜𝗻𝗱𝗶𝗮 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗡𝗲𝘄𝘀 - 𝗦𝗮𝗺𝘀𝘂𝗻𝗴 𝘁𝗮𝘅 𝗱𝗲𝗺𝗮𝗻𝗱 𝘄𝗮𝘀 𝘁𝗵𝗲 𝗯𝗶𝗴𝗴𝗲𝘀𝘁 𝘀𝘁𝗼𝗿𝘆 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸, 𝘄𝗶𝘁𝗵 𝗹𝗼𝘁𝘀 𝗺𝗼𝗿𝗲 𝗼𝗻 𝗩𝗪 𝘁𝗮𝘅 𝘁𝘂𝘀𝘀𝗹𝗲𝘀, 𝗜𝗻𝗱𝘂𝘀𝗜𝗻𝗱 𝗮𝗻𝗱

Two people stand vindicated today with Kathpalia’s early exit. Siddhi Nayak and Ira Dugal who reported this last month and stood by their story.

Pre pre-monsoon ground reality of #Mumbai… Well done माझी Mumbai, आपली BMC

🌍 Best of Reuters India Business News: Busy week for the team with many revelatory and insightful stories -- Star Health bullets and death threats, India garment sector's labour woes, IndusInd insider trading allegations, bankruptcy law challenges and more... 🔒 Star Health