As the RBI has asked the Paytm Payments Bank Limited to shut operations by March 15, 2024, there will be no TPAP registration for the Paytm app to be able to provide UPI payment services.
In order to further effectuate and compliment the above two amendments, SEBI, vide its circular dated April 29, 20225, has made amendments to the Operational Guidelines for Foreign Portfolio Investors, Designated Depository Participants, and Eligible Foreign Investors.
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