Reserve Bank of India cancels licence of Paytm Payments Bank Limited
The Reserve Bank of India has cancelled Paytm Payments Bank's license, limiting its operations to existing withdrawals and loan referrals. The bank is barred from new deposits following ongoing regulatory issues, and the RBI plans to seek its winding up in court.
The Reserve Bank of India has cancelled Paytm Payments Bank's license, limiting its operations to existing withdrawals and loan referrals. The bank is barred from new deposits following ongoing regulatory issues, and the RBI plans to seek its winding up in court.
