RBI Cracks Down On Paytm Payments Bank

2024 • 3min • News • Business


Published On: February 05, 2024 - The Reserve Bank of India (RBI) recently clamped down on fin-tech firm Paytm putting several restrictions in place. The restrictions on Paytm Payments Bank include adding amounts to the wallet, accepting deposits, making transactions, etc. after February 29. In response, India's Confederation of All India Traders has issued an advisory asking businesses to leave Paytm and move to alternate payment applications. In light of recent events relating to non-compliance, will RBI cancel the Paytm Payments Bank’s licence? Join News9’s Shweta Kothari; Kartik Malhotra; and Dr. Deepali Pant Joshi, Former ED, RBI, for more details.