1RBI imposes restrictions on Paytm Payments Bank: What You Need to Know
RBI bars Paytm Payments Bank from onboarding new customers immediately. Audit reports reveal persistent non-compliances and supervisory concerns. Restrictions on new deposits, credit transactions after February 29, 2024. Existing customers can access funds without restrictions. Paytm Payments Bank must address deficiencies for regulatory compliance. Paytm Payments Bank : The Reserve Bank of India (RBI) took … Read more