This Article is From Feb 12, 2024

No Review Of Regulatory Action On Paytm Payments Bank, Says RBI Chief

The RBI, last month, ordered Paytm affiliate Paytm Payments Bank to shut most of its business, including deposits, credit products, and its popular digital wallets, by Feb. 29, citing "persistent non-compliance."

No Review Of Regulatory Action On Paytm Payments Bank, Says RBI Chief

RBI had ordered Paytm affiliate Paytm Payments Bank to shut most of its business (Representational)

Mumbai:

The Reserve Bank of India (RBI) will not review its recent regulatory action taken on Paytm Payments Bank, Governor Shaktikanta Das said on Monday.

The RBI, last month, ordered Paytm affiliate Paytm Payments Bank to shut most of its business, including deposits, credit products, and its popular digital wallets, by Feb. 29, citing "persistent non-compliance."

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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