Paytm starts migrating its users to PSP banks

Mumbai: One 97 Communications (OCL), the company that operates Paytm, has been granted permission by the National Payments Corporation of India (NPCI) to migrate its users to different banks for UPI transactions.

Paytm Payments Bank likely to lay off employees amid uncertainty after RBI restrictions: Report

Mumbai: Paytm Payments Bank Limited (PPBL) may cut down its workforce by around 20 percent due to uncertainty about the bank's future, Reuters reported.

Paytm restrictions imposed after thorough consideration, no roll back: RBI Governor

Mumbai: The RBI restrictions on Paytm have been imposed after thorough consideration as is the case in all the decisions made by the Central bank, RBI Governor Shaktikanta Das has said, reported media.

RBI action on Paytm Payment Bank in interest of consumers and Indian Economy: Financial Services Secretary

Mumbai: The recent measures enacted by the Reserve Bank of India (RBI) concerning Paytm Payments Bank serve the interest of consumers and the broader Indian economy, according to Financial Services Secretary Vivek Joshi.

RBI imposes withdrawal restrctions on Shankarrao Pujari Nutan Nagari Sahakari Bank Limited, Kolhapur

Mumbai: The Reserve Bank of India (RBI) has imposed a string of restrictions on Shankarrao Pujari Nutan Nagari Sahakari Bank Limited, Ichalkaranji, Kolhapur, including on withdrawals, owing to the lender's deteriorating financial position.