India’s Paytm curbing low-value personal loans spells bad news for the industry

Indian financial services firm Paytm sent shockwaves through the industry on Wednesday after it disclosed that it plans to issue fewer personal loans under 50,000 Indian rupees ($600) in a move that has already started to rattle many fintech investors. Paytm’s move followed the RBI recently tightening norms for consumer loans and publicly expressing concerns … Read more

Warren Buffett’s Berkshire Hathaway exits Paytm at a 40% loss

Berkshire Hathaway sold its shares in the Paytm-parent firm One97 Communications Friday, booking a loss of about 40% on the investment it made more than five years ago. The Warren Buffett firm invested about $260 million in Paytm in 2018, acquiring a 3% stake in the financial services startup at a valuation of about $10 … Read more

Ant Monetary transfers Paytm stake value $628 to Vijay Shekhar Sharma

Vijay Shekhar Sharma, founder and chief government of Paytm, has entered right into a cope with Ant Monetary to accumulate a ten.30% stake within the Indian monetary providers agency in a transfer that seems to be orchestrated to chop the Noida-headquartered big’s publicity to the Chinese language firm. Resilient Asset Administration, a agency totally owned … Read more