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What happened to Paytm Payments Bank Ltd (PPBL)?
Will Paytm Payments Bank be able to top-up PPBL wallets after March 15?
What are the restrictions imposed on Paytm Payments Bank Ltd (PPBL)?
Why did RBI impose strict restrictions on Paytm Payments Bank Ltd (PPBL)?
Paytm Payments Bank (PPBL) was an Indian payments bank, founded in 2017 and headquartered in Noida. [4] In the same year, it received the license to run a payments bank from the Reserve Bank of India and was launched in November 2017.
Paytm Payments Bank offers a Savings Account with no account opening charges or minimum balance requirements. Keep upto Rs. 2 lac of deposits and enjoy benefits like: No account fees and charges. Enjoy the convenience of banking on your phone and no charges for online transactions. Risk-free deposits. Your money is safe with us.
Jul 8, 2024 · On January 31 2024, the Reserve Bank of India (RBI) barred Paytm Payments Bank Limited (PPBL) from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, FASTags and NCMC card after February 29, 2024, due to ongoing non-compliance and material supervisory concerns.
Feb 17, 2024 · Recently, the Reserve Bank of India (RBI) has imposed strict restrictions on Paytm Payments Bank Ltd (PPBL). This move comes after an audit report highlighted persistent non-compliances and supervisory concerns within the bank.
Feb 9, 2024 · The story so far: In a major blow to fintech services provider Paytm, the Reserve Bank of India (RBI) barred its payments bank subsidiary, Paytm Payments Bank Ltd (PPBL) from...
Mar 11, 2024 · The Reserve Bank of India (RBI) dealt a serious blow to Paytm, a fintech services provider, by prohibiting its payments bank subsidiary, Paytm Payments Bank Ltd (PPBL), from accepting new deposits and top-ups into its wallets or accounts as of February 29.
Paytm Payments Bank deadline: Paytm Payments Bank (PPBL) is barred from services such as deposits, credit transactions, and FASTag recharges from March 15, the Reserve Bank of India...