"No further deposits or credit transactions or top-ups shall be allowed in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc, after February 29, 2024, other than any interest, cashbacks, or refunds which may be credited anytime," the RBI notification said.
On March 11, 2022, the central bank had directed PPBL to stop onboarding of new customers.
Analysts say the payments bank's future is under question. Bernstein Research said in a report that for all practical purposes, the RBI move "ends the operations of Paytm Payments Bank". "This is a definite negative development and adds to the already heavy regulatory overhang on the business," it said.
Bu hikaye Financial Express Mumbai dergisinin February 01, 2024 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin February 01, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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