New Delhi, April 25 (IANS) The Confederation of All India Traders (CAIT) on Saturday hailed the decisive action taken by the Reserve Bank of India (RBI) in cancelling the licence of Paytm Payments Bank Limited (PPBL), seeking probe into the matter.This firm regulatory intervention is in the larger public interest and will help safeguard the hard-earned savings of millions of Indians who trusted the institution with their money, said the industry body in a statement.CAIT Secretary and BJP MP Prav…
Latest Paytm Payments Bank Limited News & Updates
Mumbai, April 24 (IANS) The Reserve Bank of India on Friday cancelled the licence of Paytm Payments Bank Limited, citing failure to comply with the regulatory conditions laid down under its payments bank licence.In a decisive move, the central bank said the entity would no longer be permitted to carry out banking operations and announced that it will approach the High Court to initiate the process of winding up the bank.“RBI has cancelled the banking licence issued to Paytm Payments Bank Limit…