MAM
TCM Sports Management appoints Sudip Roy as EVP – New Business
New Delhi: TCM Sports Management, a full service sports marketing and management company has appointed Sudip Roy as executive vice president – New Business.
Roy will be responsible for developing revenue strategies for the new business verticals -Digital platforms, Branded content opportunities in sports, New IPs & Sports events, Media partnership – agencies & media owners, said the company on Monday.
“Sudip is an accomplished business leader with over two-decades of diversified experience across genres & verticals in the media industry. A keen planner with proven abilities in devising strategies to develop new business, enhance advertising revenues, expand networks and media sales for business excellence. He will play the lead role in developing the new revenue streams for TCM,” said TCM, CEO, Basant Dhawan.
TCM holds exclusive ground rights across various cricket stadia in India and globally. Outside India, TCM holds the exclusive Naming, Sponsorship, In stadia rights across New Zealand cricket, Cricket West Indies & Asia Cup tournaments (Asian Cricket Council). Besides this, TCM has on-ground partnerships with cricket boards of South Africa, Bangladesh, England and Australia.
Sudip Roy, said “With advertising/ground sponsorship rights across different state associations & various International boards, TCM is also poised for growth in the new Business verticals which includes Digital media sales, News IP’s & Tournaments in India, Branded content opportunities. It’s been an exciting journey for me in the broadcast industry so far, and I look forward to working with the team to develop & lead the sponsorship & revenue strategies for the TCM’s new Business verticals.”
Roy comes with an experience of over two decades in sales and marketing roles, with specific emphasis towards strategic planning, business development, advertising sales and customer relationship management, across leading media houses.
Prior to joining TCM he was executive vice president with Network 18 Media & Investments Ltd., where he headed the revenue function of Hindi cluster during different phases of his six-year tenure.
Before Network 18, Sudip worked with Neo sports and Neo Prime channels as Senior Vice President & Revenue Head. He also worked in various leadership positions at ABP News Network for 8 years and Zee Network for seven years.
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.
