Paytm Payments Bank Ban: ‘Gave Enough Time To Comply’ - RB

Paytm

Paytm Payments Bank ban: The Reserve Bank of India (RBI) has said that enough time was given to Paytm to comply and take corrective action. On January 31, the RBI instructed Paytm Payments Bank to cease accepting new deposits in both its accounts and digital wallets starting from March. The directive cited supervisory concerns and non-compliance with regulations