paytm payments bank

Paytm said that there would be no direct financial impact on One 97 Communications, noting that its investment in paytm payments bank had already been fully impaired as of March 31, 2024.

The Reserve Bank of India has cancelled the banking licence of paytm payments bank Limited, effective April 24. The central bank cited violations of the Banking Regulation Act, including mismanagement and failure to protect depositor interests. The RBI will initiate winding-up proceedings, assuring depositors of full repayment.

The Odisha Joint Entrance Examination Board has released the provisional answer key, question paper, and recorded responses for OJEE 2026. Candidates can raise objections to the provisional answer key until May 18, 2026, with a processing fee of Rs 100 per question. The final results will be based on the revised answer key after expert review.

In a decade, India built the world’s largest population-scale real-time payments system. It changed not just banking, but behaviour itself

The Reserve Bank of India (RBI) has decided to extend the deadline for the suspension of paytm payments bank operations until March 15. This decision comes after the discovery of irregularities in the bank's customer know your customer (KYC) data. To address concerns among Paytm bank account holders, the RBI has released a set of frequently asked questions (FAQs) to ensure a smooth transition for both customers and merchants.

The Reserve Bank of India (RBI) on Friday it has directed paytm payments bank to stop taking on new customers with immediate effect, citing "material" supervisory concerns observed in the bank.

paytm payments bank, which facilitates transactions on mobile commerce platform Paytm, expects the central bank to allow it to resume taking on new customers in the next few months, a top executive told Reuters.

paytm payments bank has been barred by RBI from onboarding new customers and accepting deposits across its services. The restrictions were imposed after a system audit report and compliance validation by external auditors. The RBI has terminated Nodal Accounts belonging to One97 Communications Ltd and Paytm Payments Services Ltd.

OCL announces expansion of relationships with third-party banks following RBI sanctions on paytm payments bank; will no longer work with paytm payments bank; will focus on partnerships with other banks for payments and financial services; user deposits and offline merchant payment network offerings unaffected; other financial services like loan distribution, insurance distribution, and equity broking expected to be unaffected; Paytm Payments Services Limited (PPSL) to move nodal to other banks; founder has not pledged any shares; impact on annual EBITDA estimated at Rs 300 to 500 crores.

The Reserve Bank of India imposed sanctions on paytm payments bank, barring transactions from February 29, 2024. Paytm wallet portability is not allowed. Top-ups, deposits, and credit transactions will be prohibited. Paytm app and UPI payments are unaffected. Balances can be withdrawn or used until February 29, 2024.

RBI imposed a bank on paytm payments bank with a deadline of March 15. Several services on Paytm app will stop working. Users can withdraw money, make payments, and execute mandates, but certain services won't be available.

paytm payments bank customers can redeem their deposits instantly, anytime without paying any pre-closure or miscellaneous charges and can earn up to 6.85 per cent annual interest, the company said in a statement.

paytm payments bank Ltd. (PPBL) is instructed by the RBI to halt onboarding new clients with effect from February 29. After this date, the bank is prohibited from providing any additional banking services, including fund transfers, beyond the specified ones. All forms of transactions, including deposits, credit transactions, top-ups, and withdrawals, will cease in customer accounts, prepaid cards, wallets, FASTags, NCMC cards, etc.