Action on Paytm because of 'persistent non-compliance': RBI
Thursday, 8 February 2024 RBI indicated ongoing issues beyond KYC compliance with Paytm Payments Bank, with restrictions unlikely to be lifted. The regulator clarified the ban applies to PPBL and the digital wallet but not the UPI app. RBI emphasized bilateral engagement and corrective actions before resorting to business restrictions, highlighting the importance of consumer protection and systemic stability.
Catch the latest update as the Reserve Bank of India (RBI) grants Paytm a second chance, extending the deadline for halting transactions to March 15. Dive into the details of this development and its..
The directive from the RBI last week instructed Paytm Payments Bank to halt its business operations, including deposits, credit products, and its widely used... IndiaTimes
Union Minister of state for electronics and IT Rajeev Chandrasekhar highlighted the importance of regulatory compliance for fintech firms, stating that the Paytm... IndiaTimes
Last month, RBI shocked investors by halting most operations of Paytm's banking sector, a leading fintech company. This action followed Paytm's extreme oversight... IndiaTimes
Thursday, 8 February 2024
![RBI extends deadline for restrictions on Paytm Payments Bank Transactions till March 11 | Oneindia [Video]](https://video.newsserve.net/300/v/20240216/1365939428-RBI-extends-deadline-for-restrictions-on-Paytm-Payments.jpg)
