"Onboarding More Merchants, Heartening To See Unwavering Support": Paytm
NDTV
The RBI last week ordered Paytm Payments Bank to wind down most of its businesses, including deposits, credit products and its popular wallet by February 29 for "persistent non-compliance" and "supervisory concerns".
Paytm founder, Vijay Shekhar met with Union Finance Minister Nirmala Sitharaman on Tuesday and discussed the ongoing issue of the company, ANI reported quoting its sources.
The RBI last week ordered Paytm Payments Bank to wind down most of its businesses, including deposits, credit products and its popular wallet by February 29 for "persistent non-compliance" and "supervisory concerns".
The recent direction from RBI is a part of the ongoing supervisory engagement and compliance process. For this action, we refer our stakeholders to the official press release of RBI dated January 31, 2024, and do not rely on unofficial sources."
