Paytm Banking News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Paytm banking. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Paytm Banking Today - Breaking & Trending Today
Paytm: The Reserve Bank of India (RBI) has instructed Paytm s payments bank subsidiary to cease accepting new deposits, signaling a potential cancellation of its license. Paytm Payments Bank, which operates as a specialized banking entity, cannot offer credit services or facilitate fund transfers after February 29. Paytm has stated it will comply with the RBI s directions and expects an impact of up to INR 5 billion ($36 million) on its annual earnings. The move adds to regulatory concerns surrounding Paytm s business, but liquidity should not be an issue as the bank s deposits are held in government bonds and other banks. ....