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Today Date : Saturday, May 25, 2024

RBI orders Paytm  payments bank to  cease transactions

RBI orders Paytm payments bank to cease transactions

The Reserve Bank of India has ordered Paytm payments bank to cease all deposits and credit transactions after February 29, 2024.
In a statement issued on Wednesday, the RBI ordered Paytm payments bank to halt all deposits and credit transactions due to persistent non compliances and ongoing supervisory concerns within the bank which could potentially impact customers