Biswas' comments came in the backdrop of the Reserve Bank of India's action against Paytm Payments Bank on January 31, when the regulator directed it to stop offering fresh deposits, credit and top-ups in FasTag accounts after February 29.
"We are seeing, over the last few weeks and days, a significant uptick in customers applying to us. Online applications for our digital products, including savings account and FASTags, have grown five times each," Biswas said.
This story is from the February 16, 2024 edition of Financial Express Mumbai.
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This story is from the February 16, 2024 edition of Financial Express Mumbai.
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