Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
RBI orders Paytm Payments Bank to stop banking, FASTag, wallet services
The Reserve Bank of India (RBI) has barred Paytm Payments Bank from accepting any deposits or doing credit transactions, or top-ups in any of its customer accounts. Paytm Payments Bank can also not provide any other banking services, such as UPI facility and fund transfers after February 29, 2024.The central bank cited Paytm Payments Bank’s persistent non-compliances and continued material supervisory concerns for its latest action.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.