Paytm Payments Bank ban by RBI What Is The Reason

Title 1Paytm Payments Bank ban by RBI What Is The Reason

RBI has imposed a restriction on Paytm Payments Bank

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barring it from onboarding new customers for a specific period.

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This action has sent shockwaves through the fintech industry

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and raised concerns among Paytm users.

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The Reserve Bank of India (RBI) has cited "material supervisory concerns

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Paytm Payments Bank is prohibited from onboarding new customers for a period of six months

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The ban will likely impact Paytm's growth plans and overall business performance

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