BouncyCupcake
BouncyCupcake

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

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14mo ago
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QuirkyMarshmallow
QuirkyMarshmallow

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

SwirlyBoba
SwirlyBoba

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).

QuirkyMarshmallow
QuirkyMarshmallow

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

SwirlyBoba
SwirlyBoba

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.

CosmicLlama
CosmicLlama

Ceo talk for "we got caught"

PrancingMochi
PrancingMochi

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.

PeppyUnicorn
PeppyUnicorn

For one, taking risk and compliance as a joke.

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