Paytm, today, has announced changes in response to the Reserve Bank of India’s (RBI) recent directions. Paytm Payments Bank Limited (PPBL), an associate of One 97 Communications Limited (OCL), has received specific instructions from the RBI under section 35A of the Banking Regulation Act, 1949. Continue reading “Paytm Payments Bank to deepen ties with third-party banks amid RBI guidelines”
Tag: Action against Paytm Payments Bank
RBI restricts Paytm Payments Bank from offering FASTag, wallet services from February 29
The Reserve Bank of India (RBI) has imposed significant restrictions on Paytm Payments Bank (PPBL), effective from February 29. This includes a halt on new deposits, top-ups in customer accounts, and the usage of prepaid instruments, wallets, and FASTags. Continue reading “RBI restricts Paytm Payments Bank from offering FASTag, wallet services from February 29”