Paytm Shares Plan to Deal with RBI Ban on Paytm Payments Bank
In a recent development, Paytm Payments Bank Limited (PPBL), an associate of One 97 Communications Limited (OCL), has been directed by the Reserve Bank of India (RBI) to take immediate steps in response to the regulator’s concerns. According to PPBL, the RBI’s directions under section 35A of the Banking Regulation Act, 1949, are being promptly …