MAM
Gold rush at Deltin Zuri: ‘Game of Gold’ leaves Attendees fascinated
Mumbai– Deltin Zuri, one of India’s most popular destinations for live gaming and entertainment owned by Deltin, has successfully concluded its iconic ‘Game of Gold’ event. The more than two months-long extravaganza which started from 15 March 2024 and went on till 26 May 2024 witnessed a harmonious fusion of high-stakes gaming, fun, and mega prizes, creating an unforgettable experience for all attendees.
The standout feature of the dazzling occasion was the abundance of giveaways available to every attendee. Deltin Zuri kept the excitement going throughout the event with daily lucky draws from Monday to Friday. Monday through Thursday boasted three draws, each offering 10k worth of chips, while Friday through Sunday ramped up the stakes with three draws, each worth 20k chips. Moreover, Saturdays brought even more thrill with a Mega Lucky Draw, wherein fortunate winners walked away with Gold, amplifying the event’s allure and enchantment.
“As the curtains close on our iconic ‘Game of Gold’ event, Deltin Zuri stands proud, having orchestrated a two and a half month-long celebration of gaming, luxury, and pure excitement,” expressed Delta Corp COO Manoj Jain. “The heart of the event lay in our generous giveaways, ensuring every guest felt the thrill of possibility. Deltin Zuri remains committed to delivering unforgettable experiences, and ‘Game of Gold’ was no exception.”
Echoing a similar sentiment Delta Corp deputy VP of marketing Arindam Basu stated, ‘The overwhelming response and enthusiasm from our guests for Deltin’ second edition of ‘Game of Gold’ has been truly inspiring. We look forward to continuing to create unforgettable experiences for our patrons.’
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.
