Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Paytm Payments Bank: Back in business

1 January, 2019 12:08 PM
128 0

Sakshi Batra gets in conversation with Priyanka Sahay to discuss Paytm Bank coming back to business, the payment bank's strategy going forward and more.

After a long wait of six months, the Reserve Bank of India (RBI) allowed the Paytm Payments Bank (PPB) to restart opening accounts for customers. The company will reportedly start the Know Your Customer (KYC) facilities for bank accounts and wallets soon.

In June, the central bank had barred Paytm Banks from opening new accounts as it had violated the Rs 1-lakh limit per account. The RBI also said it did not maintain its prescribed net worth limit of Rs 100 crore.

Sakshi Batra gets in conversation with Priyanka Sahay to discuss Paytm Bank coming back to business, the payment bank's strategy going forward and more.

Source: moneycontrol.com

Share in social networks:

Comments - 0