Moving Paytm Payments Bank accounts to other banks could be difficult
Thu, Feb 1, 2024 11:09 AM

Moving Paytm Payments Bank accounts to other banks could be difficult

A Flip by Shubhangi Gupta
Get it on Google Play
Paytm's parent company, One97 Communication, is transferring all Paytm Payments Bank accounts to other banks due to restrictions imposed by the central bank. PPB, which houses key products like wallets and UPI, is currently the largest beneficiary bank in the Unified Payments Interface ecosystem. This move may affect Paytm's ability to retain customers and sell payment and loan products.

More great flips

S Chand and Company Consolidated September 2024 Net Sales at Rs 37.45 cr

S Chand and Company Consolidated September 2024 Net Sales at Rs 37.45 cr

Reported Consolidated quarterly numbers for S Chand and Company Limited are: Net Sales at Rs 37.45 crore in September 2024 down 1.5% from Rs. 38.02 crore in September 2023. Quarterly Net Loss at Rs. 51.68 crore in September 2024 down 28.2% from Rs. 40.32 crore in September 2023. EBITDA stands negative at Rs. 55.18 crore in September 2024 down 14.08% from Rs. 48.37 crore in September 2023.

Open Flip
Macfos Consolidated September 2024 Net Sales at Rs 89.87 crore

Macfos Consolidated September 2024 Net Sales at Rs 89.87 crore

Reported Consolidated quarterly numbers for Macfos are: Net Sales at Rs 89.87 crore in September 2024 up 232.36% from Rs. 27.04 crore in September 2023. Quarterly Net Profit at Rs. 6.28 crore in September 2024 up 213.66% from Rs. 2.00 crore in September 2023. EBITDA stands at Rs. 9.34 crore in September 2024 up 190.06% from Rs. 3.22 crore in September 2023.

Open Flip
Pilani Investment & Industries Consolidated Sept Net Sales at Rs 122.83 cr

Pilani Investment & Industries Consolidated Sept Net Sales at Rs 122.83 cr

Reported Consolidated quarterly numbers for Pilani Investment and Industries Corporation are: Net Sales at Rs 122.83 crore in September 2024 up 15.18% from Rs. 106.64 crore in September 2023. Quarterly Net Profit at Rs. 77.70 crore in September 2024 up 43.35% from Rs. 54.20 crore in September 2023.EBITDA stands at Rs. 122.49 crore in September 2024 up 17.49% from Rs. 104.26 crore in Sept 2024.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon