Times of India | RBI scraps licence of Paytm Payments Bank

AI generated summary, Read the full article for complete information.

The Reserve Bank of India abruptly revoked Paytm Payments Bank’s banking licence on Friday, ordering its immediate winding‑up in the High Court. RBI said the bank’s affairs were “detrimental to the interest of the bank and its depositors,” citing a management style “prejudicial to depositors and the public interest” and repeated failure to meet licence conditions. Although the bank has sufficient liquidity to repay all deposits, it has been operating as a runoff entity since 2022 after successive bans on new customers, deposits, credits, and wallet top‑ups. RBI is directing the bank’s winding‑up while allowing UPI transactions to continue through partner banks (Axis, Yes, SBI) and noting that the wallet business and debit‑card operations will gradually be phased out. The move is expected to heighten regulatory scrutiny on Paytm’s parent, One97 Communications, and may affect any current or future licences held by its group entities.

Read more: https://timesofindia.indiatimes.com/business/india-business/rbi-scraps-licence-of-paytm-payments-bank/articleshow/130507245.cms

#RBI #One97Communications #AxisBank #YesBank

AI generated summary, Read the full article for complete information.

Times of India | Stock market today (April 6, 2026): Which are the top gainers and losers in BSE Sensex and Nifty50 today? Check list

The 30-share BSE Sensex jumped 787.30 points, or 1.07%, to settle at 74,106.85. During the session, it climbed as much as 887.91 points, or 1.21%, to 74,207.46. The 50-share NSE Nifty advanced 255.15 points, or 1.12%, to close at 22,968.25, nearing the 23,000 mark. Brent crude, the global oil benchmark, declined 0.71% to USD 108.3 per barrel, offering some relief to markets. Asian markets ended mostly higher, with South Korea’s Kospi and Japan’s Nikkei 225 closing in the green, while Hong Kong and Shanghai markets remained shut for a holiday.

Nifty50 top gainers: Trent (7.98%), Shriram Finance (4.09%), Axis Bank (3.96%), Adani Enterprises (3.71%), Titan Company (3.64%), SBI Life (3.55%), Larsen & Toubro (3.18%), UltraTech Cement (3.16%), Bajaj Finance (2.91%), InterGlobe Aviation (2.84%). Nifty50 top losers: Reliance Industries (-3.40%), ONGC (-1.87%), Max Healthcare (-1.38%), Eicher Motors (-0.81%), JSW Steel (-0.68%).

BSE Sensex top gainers: Trent (7.98%), Axis Bank (3.96%), Titan Company (3.64%), Larsen & Toubro (3.18%), UltraTech Cement (3.16%), Bajaj Finance (2.91%), InterGlobe Aviation (2.84%), HDFC Bank (2.68%), Kwality Wall’s (2.23%). BSE Sensex top losers: Reliance Industries (-3.40%). Domestic equities staged a strong rally as value buying gained traction across the board. Crude prices softened marginally on reports of ceasefire efforts, while encouraging provisional banking data supported interest in rate-sensitive segments. Foreign Institutional Investors (FIIs) sold equities worth Rs 9,931.13 crore on Thursday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 7,208.41 crore, as per exchange data.

Read more: https://timesofindia.indiatimes.com/business/india-business/stock-market-today-april-6-2026-which-are-the-top-gainers-and-losers-in-bse-sensex-and-nifty50-today-check-list/articleshow/130057255.cms

#bsesensex #nifty50 #brentcrude #trent #axisbank

Google deepens consumer credit push in India with UPI-linked card

https://fed.brid.gy/r/https://techcrunch.com/2025/12/17/google-deepens-consumer-credit-push-in-india-with-upi-linked-card/

Checkout Nifty top gainers and losers of the day!

#Axisbank #icicibank #ongc #sharemarket #trading 

#trade #nifty #axisbank #india

Axis bank is forming a double top at the place where it formed a double top earlier. Is axis bank going to go towards 820

https://in.tradingview.com/i/eG9Vm976/

#PRIDE365: The #Axis #Mantra

Resolving to keep the feelings of #Pride intact year-long, #HarishIyer, #VP and #Head - #DEI at #AxisBank, shared, "The onus of #inclusion lies on those who are #included, not those who are #inclusion"

#Women #Transgender #LGBTQ #LGBTQIA #India #Business #Finance #Representation #Culture

https://hr.economictimes.indiatimes.com/news/workplace-4-0/diversity-and-inclusion/pride-365-the-axis-mantra/101336346

Buzzing Stocks: Orders pump small caps; climate change rubs on KPI Green
By S Jha for @theraisinahills

Click 🔗https://lnkd.in/dfu_-aii

#avantel #ahluwalia #kpigreem #nifty #stockstobuy #BREAKOUTSTOCKS #axisbank #equity #investment