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    HomeNewsBusinessRBI releases FAQs after action against Paytm Payments Bank

    RBI releases FAQs after action against Paytm Payments Bank

    RBI released the FAQ on the Paytm Payments Bank today. This comes after the RBI Governor had announced that the FAQ will help address concerns of all stakeholders

    Moneycontrol News
    February 16, 2024 / 17:27 IST
    At 9:32 am, Paytm shares were trading 3 percent lower at Rs 330.75 on NSE.

    At 9:32 am, Paytm shares were trading 3 percent lower at Rs 330.75 on NSE.

    The Reserve Bank of India (RBI) came out with an FAQ on Paytm Payments Bank. After the MPC monetary policy announcement on February 8, RBI Governor Shaktikanta Das said that the FAQ would address the concerns of all stakeholders.

    “Over the last few days, we have received a lot of queries. We have noted them down. Based on that, we will be issuing an FAQ (frequently asked questions) sometime next week,” Governor Shaktikanta Das said.

    His deputy Swaminathan J said the action against Paytm Payments Bank was based on persistent non-compliance.

    Find the FAQs here

    This is a developing story and will be updated shortly

    Moneycontrol News
    first published: Feb 16, 2024 05:18 pm

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