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by Borosil_Carrier

Stealth

7 months ago

PayTM CEO in Townhall : “We are not completely sure of things...like what exactly went wrong”

Really ? Even after receiving multiple notifications from them ? Even after submitting false compliance reports to them on various instances ? Even after they had put monetary penalty on you for continued non-compliance with KYC norms. You don’t know what exactly went wrong. That’s great 😄👍 Links : https://www.cnbctv18.com/finance/paytm-payments-bank-rbi-crackdown-the-inside-story-18970171.htm/amp https://timesofindia.indiatimes.com/gadgets-news/paytm-town-hall-no-job-cuts-and-other-key-things-that-ceo-vijay-shekhar-sharma-told-employees/amp_articleshow/107420639.cms

TurningBrain

Stealth

7 months ago

Feigning ignorance to hide mistakes that might lead to layoff. Typical scumbag tactic.

Qwerty2398

Stealth

7 months ago

Ceo talk for "we got caught"

Demon

Stealth

7 months ago

Can someone from inside PayTM shed some light? I have lost a lot of money in stocks. Any chance of this getting towards normal or this is going to be doom ? (because the only way to redeem something here is to buy and let the stock return to somew9 normal).

TurningBrain

Stealth

7 months ago

It's difficult for the stock to jump back to even 900 levels now.

Demon

Stealth

7 months ago

Even if it is supposed to reach 600 700 back, I can recover my lost money by buying. So any normalcy will be helpful. However, the fear at buying at this level is more scandals come out and even this value disappears.

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MicahBell

Startup

7 months ago

For one, taking risk and compliance as a joke.

mistral

Stealth

7 months ago

same bulahit was said in concall after saying initially we will work to improve things . Analyst were like WTF will you improve if you don't know what to work on .CFO came to vijay rescue ,globbed the hell out of the Question.

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by debugging

Swiggy

8 months ago

PayTM employees , could you tell us some insider information

As title says , there are so many narratives going around Could you give some insight how the management is working upon it

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by Winnertakeall

Accenture

24 days ago

What's happening with PayTM seems very suspicious

The show cause notice now about misrepresentation of facts. Not sure if they really made so many mistakes, or are being stopped from becoming something for other reasons.

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by LFW

Zomato

4 months ago

Sad to see what PayTM is going through. Increasingly feel that they've been wronged against.

Spoke with banking folks, and they confirm that it's not like PayTM was doing something that other banks also don't

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by Whatsinthename

Stealth

8 months ago

Paytm's transactions looks quite shady

Any basic tech and internal audit can identify these lapses outright, there seems to be more to uncover.

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by DiwaliBonus

Zomato

8 months ago

Going to buy Paytm Stock

RBI is a big bully, everybody knows that. RBI has bullied the likes of HDFC, ICICI and a lot of fintech startups. All it wants is that these folks are compliant with the rules. RBI is one of the most stringent Central banks in the world. This also ensures a lot of financial stability in the country, sometimes overdoing the regulations. Once you fix the systems and comply with RBI, business is back to usual. This has been the trend in all the notices that have been sent across to all the different companies. Paytm should be no different. Paytm has a book value of 205. In case the stock hits a few more lower circuits, in the words of Ashneer Grover, it'll be a "Screaming buy". Every good opportunity comes with a lot of risk. The primary risk here is that Paytm doesn't get its act straight and RBI at the end of February imposes the actions that are mentioned in the circular. Next line in such a case. Well the money is lost but if they fix the necessary things within time then it's going to be a jackpot. Catching falling knives is never easy, and it's bound to hurt you, but hey, "Risk He Toh Ishq He". Next lower circuit is ~487rs The one after it is ~390rs. I think anything under 500 is great price without the RBI impact. If it hits the circuit tomorrow, I'll start buying on Monday. If it doesn't, well, salary is already credited, so it's time for some risky investment.