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The shares plunged by their daily limit of 20% each on Thursday and Friday, erasing $2 billion of its market value, after RBI ordered the bank to to stop its popular mobile wallet business along with other activities, citing "persistent non-compliance and supervisory concerns". ....
The Reserve Bank of India could act after a Feb. 29 deadline it has set, after which Paytm Payments Bank will bar customers from replenishing their saving accounts or the popular digital payment wallet, the people said. ....
India Regulator Is Said to Consider Canceling Paytm Bank Permit bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
According to a Bloomberg report, Reserve Bank of India could act after a February 29 deadline it has set, after which Paytm Payments Bank will bar customers from replenishing their saving accounts or the popular digital payment wallet ....