BharatPe sees 77% surge in merchant onboarding business amidst Paytm's payments bank troubles

• BharatPe's FY24 revenue surged 39% to INR 1,426 Cr from INR 1,029 Cr in FY23.
• EBITDA loss, excluding share-based payment expenses, dropped 75% to INR 209 Cr.
• Pre-tax loss halved to INR 941 Cr from INR 474 Cr in FY23.
• The finte...

• Bernstein suggests that a partnership with a bank or NBFC could help Paytm leverage its customer base for cross-selling non-bank products.
• A significant investment from a major corporate house could enable Paytm to revive its busines...

Was reading a thread where people were saying don't be in shock if Ambani/Reliance starts making move after RBI's action on Paytm. I initially thought it to be a meme. Now I am just curious.

Is the system really fair to allow such move...

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...