Business
Paytm Payments Bank issues 7 mn Visa cards in FY21, aims to ramp up card offerings to drive financial inclusion
India’s homegrown Paytm Payments Bank has announced that it has issued seven million Visa debit cards through its platform in FY’21. The Bank has overachieved its target of issuing one million Visa cards in FY’21, driven by the strong adoption of innovative products developed by the bank and the acceptance of digital payments in India.
With this, the Bank continues to drive financial inclusion in India by enabling users with digital payments and access to financial services.
To bring more convenience for cardholders, the Bank had earlier enabled its customers to make international transactions using their Visa debit cards. The Bank also offers a completely digital process to apply and track updates for the card.
Satish Gupta, MD and CEO, Paytm Payments Bank Ltd said: “We are driving financial inclusion and ensuring access to the best of digital banking products to Indians. The increased demand for Paytm Payments Bank’s Visa card is just another example of the strong reach and adoption of the Bank’s products and services.”
Sujai Raina, Head – Business Development, Visa India said: “At Visa, we are happy to be playing an integral part in the swift adoption of digital payments in India. Our partnership with Paytm Payments Bank is an example of this and has only grown from strength to strength, empowering millions of customers with the ubiquitous Visa debit card, in physical and virtual forms. With the Bank’s reach and product proposition, coupled with the widespread acceptance of Visa credentials, we expect this partnership to continue driving the inclusion of new customers and salience of digital payments.”
Paytm Payments Bank has made several strides in the digital banking industry. Earlier, the Bank had also enabled the Paytm Transit Card, which works as a NCMC inter-operable physical mobility card, which drives the government’s One Nation, One Card initiative, bringing convenience to millions of Indians. The Paytm Transit Card gives Indians one physical card for all their everyday needs — from travel in metro, railways, state-owned bus services, toll & parking charges to payments at offline merchant stores, online shopping and more.
Paytm Payments Bank has seen rapid growth led by the widespread adoption of the company’s innovative banking products across the country. The bank is profitable for three years in a row and recorded a 25.8 per cent increase in PAT (profit after taxes) to Rs 37.5 crore in FY21, up from Rs 29.8 crore in FY20. The bank’s annual revenue for FY21 stood at Rs 2,200 crore. Paytm Payments Bank, the largest UPI beneficiary bank, recorded over 957 million UPI transactions in January, 2022. It also continues to lead in FASTag, with over 1.29 crore issuances across the country.
Business
Mumbai-Bound Air India Flight Returns To Delhi Airport Minutes After Take Off Due To Technical Glitch

New Delhi: A Mumbai-bound Air India flight AI887 returned to the Delhi Airport minutes after take-off due to a technical issue. The Delhi–Mumbai flight made an emergency landing according to standard operating procedure.
As perv an Air India spokesperson, the aircraft (Boeing 777) landed safely at Delhi, and the passengers and crew disembarked.
The Boeing 777 suffered an engine issue soon after take-off, reported The Times of India. The aircraft reportedly took off at 6.10 am and returned to the airport at 6.52 am. The aircraft is currently undergoing necessary checks.
As per the report, the airline arranged another B777 (VT-ALP) for passengers and even provided refreshments for them.
On Sunday, over 100 flights were cancelled from the Delhi Airport due to dense fog conditions in the national capital. Meanwhile, more than 400 flights were also delayed at the airport.
Over the past few days, most parts of the nothern and northwestern regions of the country are witnessing dense fog condition.
“Dense to very dense fog conditions during night/morning hours very likely in some parts of Uttarakhand, Uttar Pradesh, Haryana till morning hours of 21st; in isolated pockets of Punjab, Haryana during 25th-27,” the India Meteorological Department (IMD) had said in its press statement on Sunday.
On Friday also, an Air India flight travelling from Mumbai to Varanasi was forced to make an emergency diversion to Bhubaneswar after deteriorating weather conditions made landing at the destination airport unsafe. The aircraft landed at Biju Patnaik International Airport (BPIA) as a precautionary measure, airline officials confirmed.
Business
Sensex, Nifty open in green zone amid positive global cues

Mumbai, Dec 22: Indian benchmark indices opened in green zone on Monday, breaking the last week’s trend of edging lower, amid strong buying in the US and China markets.
As of 9.30 am, the Sensex advanced 507 points, or 0.60 per cent, at 84,436 and the Nifty added 165 points, or 0.64 per cent to 26,132.
The broad cap indices performed in line with the benchmarks, with the Nifty Midcap 100 up 0.58 per cent and the Nifty Smallcap 100 adding 0.51 per cent.
Hindalco, Tech Mahindra and TCS were among the major gainers in the Nifty Pack, while losers included Asian Paints, Bajaj Finance, Max Healthcare and Cipla.
All the sectoral indices on NSE were trading in the green with metal, IT and media being the major gainers — up around 1.48, 1.23 and 0.77 per cent, respectively.
Analysts noted that market is likely heading for a year-end rally. The rupee’s sharp reversal and FIIs’ cash market purchases can accelerate this rally, as they lead to short covering, pushing benchmark indices higher. The Goldilocks domestic economic set up and potential earnings growth uptrend can support a market upturn, they added.
The US markets ended mostly in the green zone on the last trading day, as Nasdaq advanced 1.31 per cent, the S&P 500 edged up 0.88 per cent, and the Dow moved up 0.38 per cent.
As investors parsed China’s central bank keeping loan prime rate steady, Asia-Pacific markets rose on Monday.
The People’s Bank of China maintained its 1-year and 5-year loan prime rates steady, which affects most new and outstanding loans and mortgages.
In Asian markets, China’s Shanghai index advanced 0.64 per cent, and Shenzhen dropped 1.36 per cent, Japan’s Nikkei edged up 1.75 per cent, while Hong Kong’s Hang Seng Index added 0.29 per cent. South Korea’s Kospi added 1.72 per cent.
On Friday, foreign institutional investors (FIIs) sold equities worth Rs 2,387 crore, while domestic institutional investors (DIIs) were net buyers of equities worth Rs 5,200 crore.
Business
38 Railways projects worth Rs 89,780 crore sanctioned in Maharashtra: Centre

New Delhi, Dec 20: A total of 38 railway projects (11 new lines, 2 gauge conversion and 25 doubling) of a total length of 5,098 kms and costing Rs 89,780 crore have been sanctioned in Maharashtra (as on April 1, 2025), the government said on Saturday.
During the last three fiscals — 2022-23, 2023-24, 2024-25 and the current financial year 2025-26 — 98 surveys (29 New Line, 2 Gauge Conversion and 67 Doubling) of total length 8,603 km falling fully/partly in the state of Maharashtra, have been sanctioned, it said.
“Further, construction works on the flagship High-Speed Bullet Train project have gathered momentum in Maharashtra. Now 100 per cent of land acquisition has been completed. Works on bridges, aqueducts, etc. have been taken up,” the Railways Ministry said in a statement.
In addition, platform extension work at 34 stations to accommodate 15-car EMUs has been taken up.
To improve the capacity of the rail network in the Mumbai suburban area, the Mumbai Urban Transport Project (MUTP)-II costing Rs 8,087 crore, MUTP-III costing Rs 10,947 crore, and MUTP-IIIA costing Rs 33,690 crore have been sanctioned.
To enhance passenger carrying capacity, 238 rakes of 12 cars each with doors have been sanctioned under MUTP-III and IIIA at a cost of Rs 19,293 crore. The process for the procurement of these rakes has been taken up.
With Western DFC also passing through Maharashtra, as about 178 route km of it or about 12 per cent of the overall route length, falling in the state, the ministry said that “about 76 km of this project from New Gholvad to New Vaitarna in Maharashtra has already been commissioned. Balance works have been taken up. Connectivity of WDFC to JNPT will boost the capacity to handle cargo and container traffic from the port to Delhi NCR”.
Presently, about 120 originating Mail/Express trains and about 3,200 suburban trains are handled daily in the Mumbai area.
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