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February 1, 2024
Paytm Payments Bank is set to come to a grinding halt as the RBI halts almost all services, citing persistent non-compliance and ongoing supervisory concerns. Late into the night at 1:30 am, One97 issues a press release, pivoting away from the payments bank arm. However, can the company pivot from the punishment imposed by the RBI? What will happen to the 330 million+ customers at Vijay Shekhar Sharma’s payment arm? What caused this significant clampdown, and did Paytm have it coming? Will len...
January 31, 2024
The RBI said the Paytm Payment Banks continued material supervisory concerns warranted further supervisory action.
January 31, 2024
The Reserve Bank of India (RBI) restricted Paytm Payments Bank Ltd from fresh deposits and credit transactions across its services.
March 11, 2022
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