logo
 
In a major action against Paytm Payments Bank (PPBL), the Reserve Bank on Wednesday directed the lender to stop accepting deposits or top-ups in in customer accounts, wallets, FASTTags and other instruments after February 29.

However, any interest, cashbacks, or refunds may be credited back to customers anytime.



The direction follows persistent non-compliances and continued material supervisory concerns, the central bank said in a statement.

On March 11, 2022, the RBI had barred PPBL from onboarding new customers with immediate effect. Paytm group firm PPBL did not offer any comments on the RBI’s direction against the bank.
No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh
etemaad live tv watch now

Todays Epaper

English Weekly

neerus indian ethnic wear
Latest Urdu News

Which political party will win the Jharkhand Assembly elections 2024?

Congress
Jharkhand Mukti Morcha
BJP