GgoogleIN first seen 1 d ago, last 1 d ago, peak #1

RBI removes Paytm Payments Bank from scheduled banks list

Original: paytm

India's central bank has dropped Paytm Payments Bank from its list of scheduled banks, following the cancellation of the bank's licence. The move formalises steps taken earlier this year against the firm over persistent regulatory concerns. The development is being widely discussed in India, where millions of users rely on Paytm for digital payments and questions remain about how the crackdown will affect everyday transactions and the company's broader business.

Why now: The RBI's removal of Paytm Payments Bank from the scheduled banks list is a significant new step in an ongoing regulatory action affecting a major Indian payments provider.

PaytmPaytm Payments BankReserve Bank of India

Open on google →

Evidence

• RBI drops Paytm Payments Bank from scheduled banks list after licence cancellation · Telegraph India

API: https://socialmediatrends-api.osmike.com/v1/trends/1440234