RBI Imposes Restrictions on Paytm Payments Bank
In a significant move, the Reserve Bank of India (RBI) has imposed major business restrictions on Paytm Payments Bank, effective from February 29, 2024. The restrictions include the cessation of accepting fresh deposits and conducting credit transactions. This decision follows the RBI’s earlier directive in March 2022, which barred Paytm Payments Bank from onboarding new…