Paytm Payments Bank

On the evening of January 31, the Reserve Bank of India (RBI) dealt a severe blow to Paytm Payments Bank, imposing stringent restrictions effective February 29. The unprecedented measure prohibits the bank from engaging in any banking…

Paytm's Parent Company, One97 Communications, Initiates Comprehensive Transition to Mitigate Regulatory ImpactFacing substantial regulatory constraints imposed by the central bank, Paytm's parent company, One97 Communications, has…