The Reserve Bank of India (RBI) has stated that Paytm App will not be impacted by the recent order issued against Paytm Payments Bank Limited., India News, Times Now
Paytm woes: Paytm Money clarifies that the scrutiny of its customer verification process by CDSL is a ‘standard and expected part’ of its regulated business.
Deputy Governor Swaminathan J of the Reserve Bank emphasized the imperative to bolster governance and technological infrastructure in urban cooperative banks (UCBs) during discussions with south-based UCBs. He stressed on the crucial role UCBs play in advancing financial inclusion and stressed the necessity of proactive measures to ensure the resilience of the UCB sector.