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RBI may cancel operating licence of Paytm Payments Bank next month, says report

The shares plunged by their daily limit of 20% each on Thursday and Friday, erasing $2 billion of its market value, after RBI ordered the bank to to stop its popular mobile wallet business along with other activities, citing "persistent non-compliance and supervisory concerns".

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RBI likely to consider canceling Paytm Bank permit: Report

The Reserve Bank of India could act after a Feb. 29 deadline it has set, after which Paytm Payments Bank will bar customers from replenishing their saving accounts or the popular digital payment wallet, the people said.

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India Regulator Is Said to Consider Canceling Paytm Bank Permit

India Regulator Is Said to Consider Canceling Paytm Bank Permit
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rbi paytm payments bank permit cancel: RBI may cancel permit of Paytm Payments Bank

According to a Bloomberg report, Reserve Bank of India could act after a February 29 deadline it has set, after which Paytm Payments Bank will bar customers from replenishing their saving accounts or the popular digital payment wallet

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