Paytm Payments Bank (PPBL), an associate of One 97 Communications Limited (OCL), is actively working to address the RBI's concerns and ensure compliance. PPBL assures its users that the ban does not impact existing deposits and services will remain uninterrupted.
India Business News: NEW DELHI: PwC has resigned as the auditor of Paytm Payments Services (PPSL), a subsidiary of fintech major Paytm with effect from August 7.
"As per RBI s letter, on receipt of approval from GoI, PPSL will have fifteen days to submit the application, seeking authorisation for PPSL to operate as an online PA," the filing said. Paytm Gets 15-Day Extension to Apply for Online Payment Aggregator Permit.