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Paytm Payments Bank Limited

RBI imposes Rs 1 cr penalty on Paytm Payments Bank for regulatory non-compliances

RBI imposes Rs 1 cr penalty on Paytm Payments Bank for regulatory non-compliances

Wed, Oct 20, 2021

The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on Paytm Payments Bank Limited (PPBL) for non-compliance of certain provisions of the directions contained in the Master Direction on Money Transfer Service Scheme (MTSS Directions) dated February 22, 2017, a media release issued

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Paytm Payments Bank to begin operations from May 23

Paytm Payments Bank to begin operations from May 23

Wed, May 17, 2017

Paytm Payments Bank has received RBI approval to run its banking operations from May 23. The bank will be converting customers' e-wallets to bank accounts.

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