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He's invested.
💯
The less we talk about ashneer, the better.
World is good, when everything goes his way. I always find him as narcissist.
I couldn't find a word called profit above.
Paytm also fired 1000 people recently
Many come out in support of Paytm. However, no one is talking about the compliance which RBI has been asking them to comply with since five years. They have even put the fine of 5.8 crore
In fact, Airtel and Fino Payment had to face similar charges
The concern of RBI is indeed correct. It's good that they are taking actions against such companies. Hopefully, SEBI does the same thing with Adani group
Yes, these new rich entrepreneurs with loss making businesses think asking them to do something is overreach. These people are feminists of the business world
I also don't want most fintechs in business because either they have no way of making money or are a scam.
A regulator like RBI never takes drastic action against a bank or company unless it's a market emergency. They would have issued guidelines and given time to take steps in case of audit issues or asked to close certain products/services which were being exploited
Meanwhile Bharatpe has initiated work for this weekend so that they can convert ex Paytm customers into their own