Tag: PaymentsBank
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Paytm’s shares experience a decline following the regulatory action taken by the RBI against the payments bank !
On Thursday, Paytm witnessed a significant decline in its market value as it was instructed by the RBI to cease its operations at Paytm Payments Bank. This resulted in a loss of one-fifth of its market value. New Delhi: Paytm, a digital payments company, experienced a significant decline in its market value on Thursday following…
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“The RBI’s Impact on Paytm’s Banking Operations”
Following an order from the RBI, Paytm Payments Bank is required to discontinue the acceptance of fresh deposits in its accounts or popular wallets starting from February 29, 2024. New Delhi: Paytm Payments Bank has been directed by the Reserve Bank of India (RBI) to cease accepting fresh deposits in its accounts or popular wallets…