The Paytm Payments Bank debacle | Explained
The story so far: In a major blow to fintech services provider Paytm, the Reserve Bank of India (RBI) barred its payments bank subsidiary, Paytm Payments Bank Ltd (PPBL) from obtaining further deposits and top-ups in its accounts or wallets from February 29. PPBL was barred from on-boarding news customers back in March 2022. The…