Groupon

ED issues notice to Paytm and its MD over alleged Rs 611 crore FEMA violations

ED issues notice to Paytm and its MD over alleged Rs 611 crore FEMA violations

04 Mar 2025, 17:05 PM

An ED investigation reveals that OCL had made foreign investment in Singapore and did not file necessary reporting to RBI for creation of overseas step down subsidiary.

Fintech Hightlights

  1. PayU appoints former RBI deputy governor, others to board

  2. Zerodha's NBFC unit posts Rs 36 crore revenues, Rs 12.5 crore net profit for FY25

  3. OfBusiness' lending unit Oxyzo posts increase in FY25 revenue, profit

  4. PayPal, Worldline get RBI approval to operate as cross-border PA

  5. MSME lender Saarathi Finance raises Rs 350 crore in funding
  6. Read more highlights...

Editor's Pick

  1. Madras HC grants anticipatory bail to Strata founder in email impersonation case

  2. Exclusive: Paytm’s payment aggregator unit fires all senior executives

  3. UPI’s Zero-MDR (Illusion) Model is Cracking – Who’s Really Paying the Price?