India’s RBI orders Paytm Payments Bank to halt banking services by end of February
The RBI attributes its order to “persistent non-compliances and continued material supervisory concerns in the bank”.
The RBI attributes its order to “persistent non-compliances and continued material supervisory concerns in the bank”.
Beta users of the bank will be first to receive the new cards.
India’s Paytm has at last got final approval from the Reserve Bank of India (RBI) and is set to unveil its Paytm Payments Bank on 23 May. The bank was set to launch in August 2016, and teamed with IT services integrator Wipro for its plan. No reasons were given for the delay. As reported […]