Press Releases - Reserve Bank of India
WEBFeb 23, 2024 · The Reserve Bank of India, in exercise of its powers under section 35A of the Banking Regulation Act, 1949, had put certain business restrictions on Paytm Payments Bank, vide Press Releases dated March …
RBI explains why it cracked down on Paytm Payments Bank.
WEBFeb 8, 2024 · The Reserve Bank of India (RBI) has clarified its recent actions against Paytm Payments Bank, stating that the crackdown was a result of the bank's failure to comply with regulations despite repeated warnings.
What happened to Paytm Payments Bank? RBI's clampdown …
WEBBENGALURU, Feb 1 (Reuters) - The Reserve Bank of India (RBI) has ordered the payments bank subsidiary of Paytm (PAYT.NS) to stop accepting fresh deposits in its accounts or popular wallets from...
Explained: Why RBI Has Put Restrictions On Paytm Payments Bank - NDTV.com
WEBFeb 1, 2024 · The Reserve Bank of India (RBI) on Wednesday ordered Paytm Payments Bank to stop accepting fresh deposits in its accounts or popular wallets after February 29, 2024.
paytm: Will Paytm stop working? Decoding the RBI order and …
WEBFeb 1, 2024 · In a surprising move, the Reserve Bank of India (RBI) has restricted all services provided by Paytm Payments Bank (PPBL), effective February 29, 2024. Debit and credit transactions, including wallet operations, cease post …
RBI’s crackdown on Paytm Payments Bank: The inside story
WEBFeb 5, 2024 · Paytm's once-celebrated status in India's digital payment space now hangs in the balance, as founder Vijay Shekhar Sharma navigates a critical period that will determine the company's future and its ability to reclaim its …
RBI action against Paytm: probable causes, effects, and what …
WEBJan 31, 2024 · The Reserve Bank of India (RBI) on Wednesday (January 31) barred Paytm Payments Bank from offering all its core services — including accounts and wallets — from March, effectively crippling the company’s business.
RBI action against Paytm bank: Here's what happens next for users
WEBThe Reserve Bank of India (RBI) on Wednesday barred the Paytm Payments Bank from accepting deposits and carrying out credit transactions, from February 29. According to the RBI, the action was...
RBI's action against Paytm Payments Bank explained
WEBThe RBI said the nodal accounts of One97 Communications Ltd and Paytm Payments Services are to be terminated at the earliest and not later than February 29. The bank will also be barred from...
India's Paytm faces licence uncertainty as RBI order wipes $2 bln …
WEBBENGALURU, Feb 2 (Reuters) - Paytm Payments Bank's digital wallet business may not be able to operate after Feb. 29 unless India's central bank approves a transfer of its licence to parent...