India Fintech Paytm Banned by India Central Bank from Payment Operations Including New Credit, Deposit, Top-Up & Fund Transfer from 29th February 2024, Share Price Decreased -20% after Announcement with Market Value at $4.65 Billion

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more

Caproasia Access | Events | Summits | Register Events | The Financial Centre
The 2024 Investment Day | 2024 Family Office Summits | Family Office Circle

2024 / 2025 Summits in Hong Kong & Singapore
Institutional Investor Summit / Roundtable - March / Oct / Nov
Investment / Alternatives Summit - March / Oct / Nov
Investment Day - March / July / Sept / Oct / Nov
Private Wealth Summit - April / Oct / Nov
Family Office Summit - April / Oct / Nov
View Events | Register

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $30 billion.

---

India Fintech Paytm Banned by India Central Bank from Payment Operations Including New Credit, Deposit, Top-Up & Fund Transfer from 29th February 2024, Share Price Decreased -20% after Announcement with Market Value at $4.65 Billion

1st February 2024 | Hong Kong

India fintech Paytm has been banned by India central bank (Reserve Bank of India, RBI) from payment operations including new credit, deposit, top-up & fund transfer from 29th February 2024.   Paytm share price decreased -20% after the announcement with current market value at $4.65 billion.  In 2022 March, India fintech Paytm had disallowed to accept new customers by India Central Bank Reserve Bank of India (RBI), with share price dropping 23% in a week and 50% from November 2021 IPO from $10 billion market capitalization to $5.08 billion (18/3/22) in 5 months.  Reserve Bank of India cited: “material supervisory concerns” and “restrictions will continue pending a comprehensive audit of its information-technology systems”.  Paytm:”The company is taking steps to comply, including the appointment of an external auditor … … Existing customers aren’t affected.”  Paytm is an India financial technology company which runs India popular payment app and similar to China Ant Group.

“ India Fintech Paytm Banned by India Central Bank from Payment Operations Including New Credit, Deposit, Top-Up & Fund Transfer from 29th February 2024, Share Price Decreased -20% after Announcement with Market Value at $4.65 Billion “

- Article continues below -

Quick Links, Ads & Announcements
Caproasia Access | Events | Summits | Register Events | The Financial Centre
The 2024 Investment Day | 2024 Family Office Summits | Family Office Circle

Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)

The 2024 Investment Day
17th Oct Hong Kong | 7th Nov Singapore
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Join 20+ CIOs & Senior investment team, with > 60% single family offices with $300 million AUM. Taking place on 17th Oct 2024 in Hong Kong, 7th Nov 2024 in Singapore. Every March, July, Sept, Oct & Nov.
Visit | Register here

The 2024 Family Office Summit
17th Oct Hong Kong St Regis | 7th Nov Singapore Amara Sanctuary Resort
Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here

2024/2025 Institutional Investor Summit / Roundtable
March / Oct / Nov in Hong Kong & Singapore
Join CEOs, CIOs, Senior investment team from Sovereign Wealth Funds, Pension Funds, Endowments, Foundations & Charities in Hong Kong, Singapore & Asia-Pacific at the 2024 Institutional Investor Summit / Roundtable.   Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here

2024/2025 Investment / Alternatives Summit
March / Oct / Nov in Hong Kong & Singapore
Join leading asset managers, hedge funds, boutique funds, private equity, venture capital & real estate firms in Hong Kong, Singapore & Asia-Pacific at the Investment / Alternatives Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here

2024/2025 Private Wealth Summit
April / Oct / Nov in Hong Kong & Singapore
Join CEOs, CIOs, Head of Private Banking, Head of Family Offices & Product Heads at The Private Wealth Summit.  Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here

India Fintech Paytm Falls 23% in a Week After Ban to Accept New Clients,  Falls 50% from IPO $10 Billion to $5 Billion Market Value in 5 Months

19th March 2022 – India fintech Paytm has been disallowed to accept new customers by India Central Bank Reserve Bank of India (RBI), with share price dropping 23% in a week and 50% from November 2021 IPO from $10 billion market capitalization to $5.08 billion (18/3/22) in 5 months.  Reserve Bank of India cited: “material supervisory concerns” and “restrictions will continue pending a comprehensive audit of its information-technology systems”.  Paytm:”The company is taking steps to comply, including the appointment of an external auditor … … Existing customers aren’t affected.”  Paytm is an India financial technology company which runs India popular payment app and similar to China Ant Group.

India Paytm IPO with $10 Billion Market Value, Founder Becomes Billionaire with $2.4 Billion

(November 2021) Paytm, the India financial technology company which runs India popular payment app and similar to China Ant Group, has IPO on Bombay Stock Exchange with a market capitalisation of $20 billion on Thursday (18/11/21).  Listed as One97 Communications, the shares fell more 27% and had hit the the lower circuit breaker of 20%.  Vijay Shekhar Sharma, who founded Paytm in 2010, became a billionaire with estimated fortune of $2.4 billion.  The IPO raised $2.5 billion and existing investors include Softbank Vision Fund, Berkshire Hathaway, Ant Group and Alibaba Group.  (IPO ~ Initial Public Offering)

Paytm, Founded in 2010

Founded in 2010 by Vijay Shekhar Sharma, Paytm quickly grew to become a popular payment app in India.  Today, more than 20 million merchants & businesses are powered by Paytm to accept payments digitally.  More than 300 million Indians use Paytm to Pay at their stores, and Paytm App is used to pay bills, do recharges, send money to friends & family, book movies & travel tickets.

Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?

Quick Links

Caproasia Access | Events | Summits | Register Events | The Financial Centre
The 2024 Investment Day | 2024 Family Office Summits | Family Office Circle

2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register

You are:
Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementOthers

Manage / Invest / Advise:
$20 million to $100 million AUM$100 million to $300 million AUM$300 million to $1 billion AUM$1 billion to $10 billion AUM$10 billion to $100 billion AUMMore than $100 billion AUM

Select:
Mailing List / Free TrialMonthly SubscriptionYearly SubscriptionMembershipEvents

Upcoming Events:
2024 Investment Day Hong Kong 17th Oct2024 Investment Day Singapore 7th Nov2024 Family Office Summit Hong Kong 17th Oct2024 Family Office Summit Singapore 7th Nov2025 Events

Your Name*

Company*

Job Title*

Email 1 (Work / Personal)*

Email 2 (Work / Personal)

Country

Please leave this field empty.

26

Web links may be disabled on mobile for security.
Please click on desktop.

---

New to Caproasia
Learn More | Sign Up | Subscribe | Register Events

Caproasia Users

• Manage $20 million to $3 billion of assets
• Invest $3 million to $300 million
• Advise institutions, billionaires, UHNWs & HNWs

Caproasia Platforms | 11,000 Investors & Advisors

• Caproasia.com
• Caproasia Access
• Caproasia Events
• The Financial Centre | Find Services
• Membership
• Family Office Circle
• Professional Investor Circle
• Investor Relations Network

Monthly Roundtable & Networking

• Professional Investor
• Family Office
• HNW Partnership

Family Office Programs

• Family Office Circle
• Family Office Networking
• Family Office Roundtable
• The Family Office Summit

The 2024 Investment Day

• March 2024 - Hong Kong
• March 2024 - Singapore
• July 2024 - Hong Kong
• July 2024 - Singapore
• Sept 2024 - Hong Kong
• Sept 2024 - Singapore
• Oct 2024 - Hong Kong
• Nov 2024 - Singapore
• Visit: The Investment Day | Register: Click here

Caproasia Summits

• The Institutional Investor Summit
• The Investment / Alternatives Summit
• The Private Wealth Summit
• The Family Office Summit
• The CEO & Entrepreneur Summit
• The Capital Markets Summit
• The ESG / Sustainable Investment Summit

Contact Us

For Enquiries, Membership
[email protected], [email protected]

For Listing, Subscription
[email protected], [email protected]

For Press Release, send to:
[email protected]

For Events & Webinars
[email protected]

For Media Kit, Advertising, Sponsorships, Partnerships
[email protected]

For Research, Data, Surveys, Reports
[email protected]

For General Enquiries
[email protected]

---

Caproasia | Driving the future of Asia
a financial information technology co.
since 2014

---