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The Sensex closed 34.09 points down at 72,152, while the Nifty closed 1.1 points higher at 21,930.50. About 1,954 shares advanced, 1,314 declined and 63 were unchanged
Zoho is the first enterprise Saas player to get the payment aggregator nod from the RBI, joining the likes of Razorpay, Cashfree, Zomato and others.
Banks are awaiting clarity from RBI on the reasons behind the clampdown and other procedural aspects after the transfer of the business which include conducting fresh KYC exercises of the accounts
Indias fintech major Paytm rebounded on Tuesday, after shedding more than $2 billion in market capitalization in three sessions, as analysts highlighted value in its core business despite regulatory issues around the firms payments bank.
A payment bank can raise deposit up to Rs two lakh but it can’t issue loans or credit cards.