Supervisory Concerns News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 lenders and customers flee due to growing governance concerns? Tune in as ET’s Anupriya Nair and Prat...

The RBI said the Paytm Payment Bank's continued material supervisory concerns warranted further supervisory action.

The Reserve Bank of India (RBI) restricted Paytm Payments Bank Ltd from fresh deposits and credit transactions across its services.

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