
RBI Puts Brakes on Paytm Payments Bank: What Went Wrong and What’s Next?
While it’s true that the RBI imposed restrictions on Paytm Payments Bank Ltd (PPBL) in February 2024, it’s inaccurate to say the bank was entirely banned. The restrictions mainly limited: Reasons for the RBI’s action: The RBI cited “persistent non-compliances and continued material supervisory concerns” as the reason for the restrictions. While the specific details…