Exclusive: Paytm resumes lending with two partners, in talks with Muthoot Finance for fresh tie-up moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
The move comes almost 15 days after its banking arm, Paytm Payments Bank Limited (PPBL), was barred by the Reserve Bank of India from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, FASTags and NCMC card after March 15, 2024, owing to persistent non-compliances and material.
On September 30, 2022, the RBI released a list of 16 NBFCs categorised as upper layer under the regulator s scale-based rules for non-bank lenders. These entities are required to be listed within three years of identification