Press Releases - Reserve Bank of India
WEBFeb 23, 2024 · The Reserve Bank of India, in exercise of its powers under section 35A of the Banking Regulation Act, 1949, had put certain business restrictions on Paytm Payments Bank, vide Press Releases dated March …
Explained: Why RBI Has Put Restrictions On Paytm Payments Bank - NDTV.com
WEBFeb 1, 2024 · The Reserve Bank of India (RBI) on Wednesday ordered Paytm Payments Bank to stop accepting fresh deposits in its accounts or popular wallets after February 29, 2024.
RBI explains why it cracked down on Paytm Payments Bank.
WEBFeb 8, 2024 · The Reserve Bank of India (RBI) has clarified its recent actions against Paytm Payments Bank, stating that the crackdown was a result of the bank's failure to comply with regulations despite repeated warnings.
paytm: Will Paytm stop working? Decoding the RBI order and …
WEBFeb 1, 2024 · In a surprising move, the Reserve Bank of India (RBI) has restricted all services provided by Paytm Payments Bank (PPBL), effective February 29, 2024. Debit and credit transactions, including wallet operations, cease post …
What happened to Paytm Payments Bank? RBI's clampdown …
WEBBENGALURU, Feb 1 (Reuters) - The Reserve Bank of India (RBI) has ordered the payments bank subsidiary of Paytm (PAYT.NS) to stop accepting fresh deposits in its accounts or popular wallets from...
RBI’s crackdown on Paytm Payments Bank: The inside story
WEBFeb 5, 2024 · Paytm's once-celebrated status in India's digital payment space now hangs in the balance, as founder Vijay Shekhar Sharma navigates a critical period that will determine the company's future and its ability to reclaim its …
RBI Paytm news: RBI takes more actions on Paytm Payments …
WEBFeb 23, 2024 · Given the Paytm Payments Bank will not be able to accept further credits into customer accounts and wallets after March 15, 2024, the Reserve Bank of India on Friday took more steps to ensure seamless digital payments by UPI customers using @paytm handle.
RBI's action against Paytm Payments Bank explained
WEBThe RBI said the nodal accounts of One97 Communications Ltd and Paytm Payments Services are to be terminated at the earliest and not later than February 29. The bank will also be barred from...
RBI action against Paytm: probable causes, effects, and what …
WEBJan 31, 2024 · The Reserve Bank of India (RBI) on Wednesday (January 31) barred Paytm Payments Bank from offering all its core services — including accounts and wallets — from March, effectively crippling the company’s business.
RBI on clampdown against Paytm Payments Bank: ‘Persistent non ...
WEBThe Reserve Bank of India on Thursday said the action against Paytm was taken due to the fintech firm's ‘persisted non-compliance’. Vijay Shekhar Sharma, founder and chairman of One97 ...
Skip to content