MAM
An evening dedicated to D-CODEing the digital landscape
Mumbai, 1st August, 2018: The ballroom at a posh city hotel transformed into an interaction and learning hub as the leaders of Indian media, marketing and advertising industry gathered together at The Advertising Club’s maiden edition of D-CODE: The Annual Digital Review 2018. The panel asked its members to share an example of their own work, one work they admire and 3 learnings they would want to share with the audience.
On the stage were Ajit Mohan- CEO, Hotstar, Anupriya Acharya- CEO Publicis Media, Anuradha Aggarwal- CMO, Marico, Arun Iyer- Chairman & CCO, Lowe Lintas, Juhi Kalia- Head of India & Anthology APAC for Creative Shop, Facebook, Rahul Johri- CEO, BCCI, Mohit Kapoor- VP Advertising, Reliance JIO, Sam Singh- CEO- South Asia, GroupM, Sapna Chadha- Head of Marketing, India and SEA, Google, Siddharth Banerjee- EVP, Marketing, Vodafone and Tanmay Bhat- Co-Founder, AIB.
Vikram Sakhuja, President, The Advertising Club, said, “The Advertising Club has been at the forefront of driving the A&M industry’s excellence agenda. We are constantly creating forums that enhance the learning curve of the fraternity. With D-CODE we have created another engaging property that bring together the industry to debate and deliberate on the stimulating issues of the digital ecosystem.”
Aditya Swamy – Managing Committee Member, The Advertising Club said: “I have always believed in the power of colabs. Inspire and be inspired was the theme of D-CODE and bringing together key stakeholders across the industry to crack the digital code was an exciting idea. From my days at MTV where we looked to marry pop culture and brands to now at Google where we unlock the power of digital and tech to deliver value to advertisers, this is a journey that only throws up more and more interesting opportunities. I look forward to being in the center of this equation as we build centers of excellence.”
Punitha Arumugam – Managing Committee Member, The Advertising Club said: “Our endeavor while curating D-CODE was to create a platform that would showcase pioneering work on Digital and facilitate ideas exchange within the fraternity. We have tried to bring representation of all facets of digital with the versatile panel of stalwarts from across the M&E industry.”
The five key learnings that the advertising, digital and marketing mavens agreed upon were:
1) Digital is a medium that everyone is experimenting with and no one exactly knows how to ‘crack-it’. The need of the hour is to approach it with an open mind, keep experimenting and learning from one’s own and each other’s strategies.
2) Digital as a medium does not exist in a silo. All that media needs are great ideas, beautiful craft and creative people who can utilize the right tools to gain success.
3) One needs to invest in the right marketing technology, tools, talent and partnerships.
4) To execute successful digital campaigns, one needs to fully leverage digital signals, customize messaging, employ data and have performance oriented goals.
5) Partnerships are critical in making digital campaigns effective. Scale for both a campaign and digital as a medium of marketing can be amplified when the power of partnerships is harnessed.
With a galaxy of the who’s who of the media, advertising and digital industries in attendance, the debut edition of D-CODE was off to a fantastic beginning.
Brands
Reserve Bank of India cancels Paytm Payments Bank licence
Central bank cites compliance failures; curbs tighten as wind-up looms
MUMBAI: India’s banking watchdog delivered its sharpest blow yet to Paytm Payments Bank, cancelling its licence and effectively ending its ability to operate as a bank under the law.
The Reserve Bank of India said the entity can no longer conduct banking business under the Banking Regulation Act, citing concerns that its affairs were not being run in the interest of depositors or the public and that it had failed to meet licence conditions.
The move escalates a crackdown that has been building for months. The bank had already been barred from onboarding new customers since March 11, 2022, and later faced restrictions on deposits, credit and wallet top-ups. In January 2024, the central bank ordered it to stop accepting fresh deposits, pointing to persistent non-compliance, including lapses in customer due diligence, use of funds and technology systems.
Operationally, the bank is now on a tight leash. It may process withdrawals of existing deposits and facilitate loan referrals through banking correspondents, but it cannot take fresh deposits.
The central bank said it would apply to the high court to wind up the bank.
Paytm sought to ringfence the fallout. In a regulatory filing, it said the licence cancellation applies to Paytm Payments Bank Limited, a separate entity, and should not be attributed to One 97 Communications. It added that there is no exposure or material business arrangement with the bank and that it operates independently, without Paytm’s board or management involvement.
“As informed earlier, Paytm (One 97 Communications Limited) and its services, which have been operating without interruption, will continue to operate uninterrupted. These include the Paytm app, Paytm UPI, Paytm Gold and all other services offered by its subsidiaries and associated companies,” the company said.
The distinction may reassure users of the app ecosystem, but the regulator’s verdict is unequivocal. After years of warnings, caps and curbs, the payments bank experiment at Paytm is being shut down—decisively, and with little room left to manoeuvre.
