Paytm May Faces ED Probe Amid Fraud Allegations: Revenue Secretary Signals

Central Revenue Secretary Sanjay Malhotra stated on Saturday that if new allegations of money laundering or fund discrepancies against Paytm Payments Bank (PPB) are proven in the investigation by the Enforcement Directorate (ED), action will be taken according to the law. The Enforcement Directorate (ED) can also assist in this investigation.

Banking Activities of Paytm to be Halted After February 29 Due to Suspicious Transactions

Concerns over suspicious transactions worth crores between Paytm Wallet and its associate Paytm Payments Bank have prompted the Reserve Bank of India (RBI) to issue orders to halt banking activities of the company after February 29. This decision comes in light of the ongoing investigation into alleged irregularities.

BSE Reduces Daily Limit for Share Trading by 10%: Impact on Paytm Shares

In response to the significant decline in the shares of Paytm amid heavy losses, the Bombay Stock Exchange (BSE) has reduced the daily limit for trading in Paytm shares. The daily limit has been reduced to 10%, down from the previous 20%. This means that if the share price drops by 10%, it will trigger a lower circuit.