Paytm Shifts Nodal Account to Axis Bank, RBI Extends Unit Wind-Down Date to March 15 - daylightnews

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Friday, February 16, 2024

Paytm Shifts Nodal Account to Axis Bank, RBI Extends Unit Wind-Down Date to March 15

Paytm Payments Bank has been granted additional time by the RBI to wind down its operations in the country, the central bank announced on Friday. Customers won't be able to add fresh funds to their Paytm Payments Bank accounts after March 15 Meanwhile, parent firm One97 Communications has signed on a new banking partner to try to survive the ongoing crisis by keeping ...

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