RBI on Paytm payments bank

Paytm advisory panel discussing terms of reference with company: M. Damodaran

February 25, 2024 admin

A file photo of M. Damodaran, former Chairman, Securities and Exchange Board of India (SEBI). | Photo Credit: SOMASHEKARA GRN An advisory committee, set up by Paytm owner One97 Communications after the Reserve Bank of India’s action on its payments bank business, is at a stage of engagement with the company on matters related to the…

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RBI restriction on Paytm: CAIT advises traders to switch from Paytm to other payment apps in light of RBI action

February 4, 2024 admin

Paytm app is seen on a smartphone in this illustration image. File | Photo Credit: Reuters Traders’ body CAIT on February 4 issued a cautionary advisory to traders to switch from Paytm to other payment options for business-related transactions following RBI curbs on Paytm wallet and bank operations. “The Reserve Bank of India has imposed…

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