Paytm Latest News

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Nothing is doing well for Paytm at this time; Paytm boss Vijay Shekhar Sharma arrested, later released on bail in February; Here's why?

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Paytm founder and CEO Vijay Shekhar Sharma was arrested and later granted bail by the Delhi Police last month in a case of alleged rash or negligent driving, daily Indian Express reported.

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According to media reports, the Paytm boss was driving a Jaguar land Rover (JLR) that hit the car of the district commissioner of police of South Delhi on February 22.

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Sharma allegedly rammed his car into the vehicle of Benita Mary Jaiker, DCP, Delhi (South district) on February 22, as per FIR details, cited by Indian Express.

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Sharma was arrested under IPC Section 279 (rash or negligent driving). Constable Deepak Kumar filed an FIR who was driving DCP's car then.

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Meanwhile, the Reserve Bank of India (RBI) has asked Sharma to stop opening new accounts amid "material supervisory concerns" observed in the bank.

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Click on the button below for complete information related to RBI's ban on Paytm Payments Bank.

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