MAM
Nick claims excellent response for ‘Dekho Prize Jeeto Contest’
MUMBAI: Nickelodeon appears to be making headway with its Dekho Prize Jeeto Contest. The channel has stated that within the space of a month 30,000 kids have already called in.
Out of them 1,800 kids have won cool, funky gadgets like the Hypnotiser, Turbo N’gine blaster, Bijlee Ball, Aada Paada Cushion, Wonder Wig, UFO and Time Machine. For those below 15 years old to enter the contest all one has to do is, tune in, watch Nickelodeon, and catch the password of the day. They have to catch the Dhin-a-Dhin block between 3–7 pm. on weekdays and between 9.30 am – 1.30 pm on weekends. The dedicated number is 9622-002-002. The email id is jeeto@nick-india.com.The contest closes on 20 October. The contest is presented by Himalaya Chyavanprasha in association with Hotwheels, Barbie, Cheetos and Alpenliebe Lollipop.
Nickelodeon’s marketing VP Vikram Raizada said, “30,000 calls in four weeks is an exciting number. Entries for the Nickelodeon ‘Dekho Prize Jeeto Contest’ have poured in from Mumbai, Madurai, Delhi, Varanasi, Kolkatta, Rajkot, Hyderbad, Chennai, Chandigarh, Bangalore and others. We hope more kids tune-in to Nickelodeon India and win. Nickelodeon Dekho Baar Baar…. Jeeto Hazaar Baar!”
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.
