The Reserve Bank of India (RBI) on Wednesday ordered the payments bank subsidiary of One 97 Communications, popularly known as Paytm, to stop accepting fresh deposits in its accounts or popular wallets from March, , reserve bank of india, paytm, paytm payments bank
The central bank's order has added to the worries of both customers as well as digital payment service provider, given the move will have huge implications on company's financials. A day after the RBI announcement, Sharma took to his X account to assure users that the multinational fintech company will continue to work as usual.
The Reserve Bank of India ordered the payments bank subsidiary of Paytm, to stop accepting fresh deposits in its accounts or popular wallets from March