Thursday, May 2, 2024
HomeMore NewsBanking & FinanceIndian payments bank halts opening new accounts, again

Indian payments bank halts opening new accounts, again

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NOIDA (CU)_Since its inception back in 2017, Paytm Payments Bank (PPBL) has faced action from the Reserve Bank of India on several occasions. In the most recent regulatory intervention, the central bank has issued direction following “material supervisory concerns” regarding the firm.

Accordingly, on Saturday, PPBL said it is taking immediate action in…

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