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Paytm Share Price Post RBI's Order on Banking Services News: Paytm, an online source of payment services, encountered a substantial setback courtesy of the Reserve Bank of India (RBI). The development unfolded on Wednesday, when the RBI took significant action against Paytm. As per details, Paytm will no longer be permitted to provide banking services beyond February 29.
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The Reserve Bank of India (RBI) has applied strict rules to the financial behemoth Paytm Payments Bank, using its regulatory hammer. This follows previous instructions given to Paytm in March 2022 to stop onboarding new customers.
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