RBI releases FAQs after action against Paytm Payments Bank

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