Will Paytm CRASH or Make a COMEBACK? Why is RBI hitting Paytm? :Business case study

I love paytm and will support VSS. He is an inspiration and he will get over the hurdles. Fintech is a new industry and it is very tough to balance customer and govt expectation. Unless I have a relevant data about what they have done wrong, i will support them.

About the video :On 31st January 2024, The Reserve Bank of India (RBI) barred Paytm Payments Bank from offering all its core services. As a result, paytm lost 2 billion dollars in market value!

Now in the process, 300 million wallets, 30 million bank accounts, and eight million Fastags in paytm’s portfolio are being affected!

And whats even worse is that, this is not the first time RBI has slapped paytm with restrictions.

RBI banned PPB from onboarding new users in 2018, and 2022, RBI rejected their payment aggregator license, they issued them a 5.4cr penalty and the ED has even raided their premises.

Now while most people might directly blame paytm, Ashneer grover interestingly said, while the government toots the horn of UPI across the world, its punishing the pioneers in the space, and its killing the sector.

So on one side, while we are seeing it as strong RBI restrictions to prevent big playera from flouting rules, Foreign investors might see India as Anti -Start up because of these big steps that penalise the pioneers of India!
And this might affect our reputation among the investors!

So let’s dive into one of the craziest case studies of the year and understand,

Why is the RBI being so Harsh on paytm?
What did they do wrong?
Will you be affected if you use Paytm’s UPI and Fastag?
Can paytm survive this crash?
And most importantly, what are the lessons that we need to learn from this massive Paytm fiasco?

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#paytm #paytmcrash #paytmstock #paytmshare
#thinkschool #businesscasestudy #geopolitics Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost. Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.

[nileshjain]

RBI didn't spare HDFC Bank also in the past. They banned them from issuing fresh credit cards for some time.

[suchitjadhav]

Currently preparing for RBI Managerial level exam, great to see the kind of power RBI holds even over the multiple billion dollar companies…it’s about people’s money..a strong, powerful and autonomous RBI is India’s necessity.

[DJSarvesh]

Paytm Karo ❌
RBI Guidelines follow Karo ✅
With Millions of users it's a shame for a Fintech company to violate principles.

[Krishnakumar-wlih]

Having a Lehmann Bros or Credit Suisse is a bane where people loose their savings. Feel genuinely bad for Paytm, but RBI disciplining Paytm gives a ray of hope that someone ain't sleeping at the top while thinking these giants are too big to fail.

[AniruddhaDeshpande]

This is the first time I understand the problem deeply, sadly 😢 no other mainstream media is covering this issue in such deep manner.

[sudhakar]

Pautm was a great experience for me. Even when I was withdrawing all of my fixed deposits from the bank, it gave me around 3k interest. Paytm is very fast. I prefer it when I book tatkal. No other platform is so swift like Paytm. I hope it'll regain its position.

[gautambasu]

I couldn’t understand why acting against an entity, pioneering or start-up or any other, that doesn't follow compliance and corporate governance norms will be considered as anti-startups?! Moreover, PayTM had been warned many times and yet did nothing. It is imperative that companies in financial services must be more ethical in their operations and the cost of complaince must be factored in their costs and valuations.
Also its best to ignore of persons who themselves have unethical practices against them.

[GaganDeepSingh-mwcj]

Vijay shekhar sharma is a very strong entrepreneur, I hope he will emerge stronger after this.

[SanjayAnandUP]

does it feel like GOI being super cautious and actively steering away from any potential fire

[soheltripura]

I was eager to watch this topic on your channel after the Paytm crash 🙂

[VGSM]

I worked in a company which provide essential guidance in financial data. After looking at 2008 financial crisis data I welcome GOI monitoring. Even HDFC faced regulation so Paytm is no exception just for being pioneer. They themselves have confessed for non compliance in internal audits.

[pratikanjikhane]

Crazy how he explained me everything in just 15 minutes. You are a STAR ⭐️

[mayuresh]

The best plus point of your channel is that all your videos are in English!
This facility has become quite rare in the last few years. That's why I always prefer your channel!

[sudhakart]

Just b'coz PayTM was a pioneer does not absolve it from adhering to Rule of the Land. Not to forget, PayTM earlier had the database i China, was reluctant to have the data base shifted to India.

Keeping in view the data security, move by RBI is correct and sends a clear message that "if u want to invest and do business in India you are welcome, however dont forget to follow and adhere to the rules".

[bytequest]

You blew my mind buddy...thanks for this info. content. I celebrate your video uploads 🎉

[TheHappyshiv]

Sodexo should also be banned as it does not based even on UPI. Hugh set back to small vendors like chat or bakery resulting in set back of local economy...

[Silent_Shishya]

So Paytm floated rules left and right and Ashneer is concerned about RBI imposing fines on Paytm?

[akedkapid]

Well paytm was the pioneer in startup ecosystem and customers were happy with services provided by paytm, they brought ONDC in their platform, they were helping several MSMEs to become mainstream, so certainly many of the competitors didn't like those, and you know who. I hope they figure out those mismanagement and come back stronger.

[archanaarun]

I’m a big fan of yours, Think School! Economy, as a subject, was “rocket science” for me and I always used to avoid that because of the fear of not understanding anything. Thanks to you and all your informative videos, I can now not only understand things but also confident about talking about it… 🙏🏻 Please continue to do the great work (should I say service!?) you are doing!

[damedaniel]

14:10 that statement gave me 1984 George Orwell vibes