Paytm Payments Bank crisis: RBI comes out with another set of measures to mitigate woes of customers
Asks merchants availing services of PPBL to open settlement accounts with PSP banks
Source: theweek.in
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RBI advises NPCI to examine Paytm's request for third-party app for UPI
As the Paytm Payments Bank cannot accept further credits into its customer accounts and wallets after March 15, 2024, certain additional steps have become necessary, RBI said.
Source: thestatesman.com
RBI Clears Air On Paytm UPI Handles; Says Users Can Continue Using After Migration To Other Banks
The RBI has instructed the NPCI to review the application submitted by One97 Communication Ltd. - RBI Clears Air On Paytm UPI Handles; Says Users Can Continue Using After Migration To Other Banks
Source: india.com
Sensex, Nifty Seen Opening Up As Yields Ease
Indian shares may open higher on Thursday as investors react to easing Treasury yields and comments from Chicago Fed President Austan Goolsbee that Tuesday's hotter-than-expected inflation reading doesn't mean the central bank won't be able to cut interest rates in 2024.
Source: rttnews.com
Paytm Crisis: Here is why RBI clamped down on Paytm
Following the RBI action, Paytm's shares plunged on stock markets hitting lower circuits for two consecutive days. On February 2, the shares ended at Rs 487.20 apiece, down 20 per cent , from the previous close.
Source: moneycontrol.com