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However, it did not provide any further extensions to Paytms parent One 97 Communications and payment gateway subsidiary Paytm Payments Services on transfer of its nodal accounts.
The directorate of enforcement (ED) has launched a preliminary investigation or a pre-open inquiry into alleged violations related to the Foreign Exchange Management Act (FEMA) in the Paytm Payments Bank Ltd case, says a report. Meanwhile, citing regulatory actions, the National Highway Authority of India (NHAI) has removed Paytm Payments Bank from its list of 30 authorised banks for the FASTag service.
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Paytm QR, Soundbox, Card machine will continue to work as always even beyond March 15.
Mumbai, Feb 16 (IANS) The Reserve Bank of India (RBI) has extended by 15 days to March 15 the deadline after which Paytm Payments Bank Ltd is barred from accepting deposits. The last date fixed earlier was February 29.