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India's Paytm Payments Bank has gained central bank approval to function as a scheduled payments bank, it said on Thursday, helping it to expand its financial services operations. As a scheduled payments bank, Paytm Payments can participate in government and companies’ request for proposals, primary auctions, fixed-rate and variable rate repos, and reverse repos, along with
Paytm Payments Bank, a niche bank that cannot lend on its own, can now explore new business opportunities.
As a scheduled payments bank, Paytm Payments can participate in government and companies' request for proposals, fixed-rate and variable rate repos
NEW DELHI -India's Paytm Payments Bank has gained central bank approval to function as a scheduled payments bank, it said on Thursday, helping it to expand its financial services operations....
The Reserve Bank of India (RBI) has recognised Paytm Payments Bank as a scheduled bank, allowing it to expand its banking operations.