Central Bank will not review regulatory action on Paytm Payments Bank, says RBI chief
Upstox
1 min read • Updated: February 12, 2024, 4:34 PM
Summary
The Reserve Bank of India (RBI), last month, ordered Paytm affiliate Paytm Payments Bank to shut most of its business, including deposits, credit products and its popular digital wallets, by Feb. 29.
NEW DELHI, Feb 12 (Reuters) - Central bank will not review its recent regulatory action taken on Paytm Payments Bank, RBI Governor Shaktikanta Das said on Monday.
The Reserve Bank of India (RBI), last month, ordered Paytm affiliate Paytm Payments Bank to shut most of its business, including deposits, credit products and its popular digital wallets, by Feb. 29, citing "persistent non-compliance."