The Paytm Controversy and Fin-tech Complaints about Over-regulation

Finance Minister Nirmala Sitharaman has a meeting planned with fin-tech leaders to discuss concerns regarding strict supervision by the Reserve Bank of India (RBI). This week Sucheta Dalal questions the appropriateness of RBI's recent intervention with Paytm Bank and highlights past regulatory failures. Tags emphasises the importance of balanced regulation in the fintech sector, considering both consumer protection and industry innovation.
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[@vasanthihariharan7384]

It is ..shocking that a..listed company in India..has ..not made the Annual Reports..available to the public. Only Sucheta Dalal can make..a clear and relevant..presentation on any..financial...issue.🙏

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[@seshnath1482]

Very well presented and brings about a lot of facts which were not well known to public. Thanks to you! Hope the fintech companies realise that they are responsible to the investors and customers and the FM does not give any leniency

[@Transcend-mind]

Totally agree. RBI has been bang on. The women directors completely failed in their fiduciary duty.

[@agytjax]

Raghuram Rajan should be brought back as RBI governor and Sucheta Dalal should be made director on the SEBI and IRDA boards Ms. Dalal would ensure retail investors and Indian consumers' interests are protected Mr. Rajan would ensure the fintech space is well-governed and well-managed. It was Rajan who brought about sweeping reforms in banking sector, which has ensured the NPAs are at an all-time low. Something similar is needed in the unbridled fintech space

[@ssslayer]

I was shocked and amused at the same time when I had read about "kid gloves" treatment expectation from regulators. The arrogance of these companies!

[@raghuramakrishnabezawada6120]

Thanks madam for the info, . But is it not greed that led this fisaco . The founder is solely responsible. . Criminal charges should be slapped and action taken

[@anjalidastur7132]

Keep educating us God bless ❤

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[@agytjax]

In these dark waters of Indian fintech infested with preying sharks, people like Sucheta Dalal hold the torchlight Please take some positions in the boards of SEBI, IRDA and other regulators to make your voice count - at least for the average citizen

[@bm8292]

Thanks Madam. Such issues are not covered by the mainstream media.

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[@karthigeyan143]

Thanks mam for different pov

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[@kbmehta4208]

Vijay Shekhar Sharma has been a legendary reckless individual even before IPO PyTM. He continues so. Nothing wrong with RBI directives, people like VSS deserve it. Investors? Before putting many anywhere you not only check, you check 10 times unless…. And VSS was spread everywhere in media for his ….. An adventurous & wise individual may invest in his company only when his company is in dumps and sell off at every recovery or at every sign of trouble. But, you got to be very smart for that, rest stay away. Let RBI handle such cases the way it has done. Fools don’t deserve any sympathy.

[@dinakarang]

Absolutely nailed

[@Dingdinggkdv]

Very informative 👍👏👏👏👏

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[@sourabhniggati5783]

God bless us!

[@agytjax]

As usual SEBI has been caught napping again. And what were the so called analysts doing when RBI had imposed fines and stringent directives since 2015. The Analysts (who we pay to get info) were quick to downgrade the Paytm stock one RBI announced its strict actions against PPBL, but did not bother to advise us when RBI has been issuing strict directives and heavy fines on PPBL since 2015 or when Paytm did its IPO. Everyone went gung-ho in what was the largest IPO back then! SEBI, the analysts and RBI all have failed retail investors. The retail investors have lost 85% of their investments. Who is answerable to them - the crook vijay shekhar sharma, SEBI, the analysts or RBI ?

[@itsjustpersonalizedviews]

the most underrated channel. hope u get more attention like others

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[@vikrantpawaskar6338]

RBI is not accountable to investors in securities market. It's prerogative is to maintain systemic stability in the banking sector.

[@rabindrakumar7992]

Digital fraud happened with me last year where money goes to Paytm bank account through UPI.I filed a case for this fraud . The cyber crime that showed me the details of Mobile no and I shocked that that mobile no is not listed in any name. How telecom company issued mobile no with kyc. Cyber crime officer told me it's tution fees for learning. I didn't again start my UPI and will not in future. I had prayer god that time for collapse Paytm and telecom company. Now Paytm collapsed 🎉🎉🎉😅

[@sureshlalwani410]

Thank you ma'am

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[@amodpataskar5673]

Good information would like to know if ordinary PSB can also work as payment bank

[@vijaypurohit8073]

Thanks 🙏

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[@narasimhasrinivas2599]

As I understand, PayTm Bank is a 'subsidiary' of the listed company which surprised everyone when the listing happened with a below par opening. (It had a boom beginning thanks to demonetisation, gifted by GOI). Now it is widely traded and was at mid 700's when it crashed to mid 300's after RBI's announcement. RBI says it has been having 'dialogue' to point out non-compliance on KYC norms (many such dialogues, as we gathered) to ask them to rectify.. They have not bothered to do so. Is it because the GOI which gifted them with demonetisation have been mother ducking them and are likely to do some mollycoddling on the 26th Feb? Sounds like a good theme for a blockbuster movie...

[@Madhu2405]

Great video👍🏼. I never used Paytm. The idea of wallet itself felt fishy. It may not be but in these days of online frauds I don’t trust anything other than credit card usages.

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[@user-iu1mr2mv4f]

Sucheta u must try and make a presentation of the Irrigation scam on Maharashtra where none other then our Deputy CM, Mr Ajit pawar was implicated, Then......the scale of the scam is mind boggling.......it is blatant and to big to b missed out.....

[@arunpaul2587]

Companies dealing with public funds should follow all regulatory requirements. if they are unable to do so they should quit and do some other business. Regulatory authorities should come down on defaulters with a heavy hand. Paytm is a Habitual offender.

[@vyomeshgoel602]

Is there any case for some manipulations in IPO allotment. If yes, would you care to cover that?

[@Madhu2405]

I wonder. Whether Vijay Sharma’s “connection with the highest level” scared the RBI. The owner misused this perception to suit his purpose?

[@jmohan1108]

IT IS A LESSON TO RBI HOW NOT A NOTIFICATION SHOULD BE. IT SHOULD HAVE GIVEN CLEAR DETAILS ABOUT PAYTM PAYMENTS BANK, WHICH IS A SUBSIDIARY OF ONE97 COMMUNICATIONS A LISTED COMPANY. ATLEAST IN FUTURE, RBI SHOULD ALSO CONSULT SEBI BEFORE ISSUING ANY PRESS RELEASE/NOTIFICATION RELATING TO A LISTED COMPANY AS INVESTORS MONEY IS INVOLVED.IN THIS CASE OF PAYTM, INVESTORS WEALTH IS ALREADY ERODED ABOUT 65% BEFORE NOTIFICATION AND 85% AFTER NOTIFICATION. RBI SHOULD ALSO PLAY A PROTECTIVE AND CAUTIOUS ROLE TOWARDS INVESTORS, WHO ARE THE BACKBONE OF THE ECONOMY

[@AK-kn9ob]

"chor" companies are not limited to certain business castes in India. Now new-age companies are also joining this category.....

[@samsiddh]

This is what happens when rookies get into business.. they make a fool of themselves, but end up hurting good honest people who lose their hard earned money.. it is vital for investors to identify the track record of these fly by night entrepreneurs who are in it to make a quick buck & personal fame, at the behest of transforming India & all the garbage they can sell

[@youpapai]

Unknown entity is either VISA or Mastercard

[@agytjax]

SEBI, the analysts and RBI all have failed retail investors. The retail investors have lost 85% of their investments. Who is answerable to them - the crook vijay shekhar sharma, SEBI, the analysts or RBI ?

[@santosh_979]

Why Vijay Shekhar is not arrested even after PMLA case

[@kapilbhagat2444]

Mam you need a team . All video s are from you and one more person . How can we as audience help you scale ?

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[@user-iu1mr2mv4f]

As usual Sucheta is dot on the point...

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[@fawa.z]

PVT Ltd needs to submit financials and audited.

[@sandeepsinghsingh]

Regulations are good. But not over Regulations

[@pillaybm]

Poor analysis