RBI Takes Action Against Paytm Payments Bank under Banking Regulation Act

Last updated: 17 February 2024

Action against Paytm Payments Bank Ltd under Section 35A of the Banking Regulation Act, 1949 1. The Reserve Bank of India, in exercise of its powers under Section 35A of the Banking Regulation Act, 1949, had put certain business restrictions on Paytm Payments Bank Ltd (PPBL or the bank), videPres

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