January 31, 2024 9:19 PM
Reserve Bank directs Paytm Payments Bank to stop onboarding new customers with immediate effect; Also bars it from accepting deposits after 29th February
Reserve Bank of India has directed Paytm Payments Bank Ltd to stop onboarding new customers with immediate effect and has barred it from accepting deposits after the 29th of February. RBI said in a press release that action is being taken against Paytm for persistent non-compliance and continued mat...