RBI Governor says hardly any room to review action taken against Paytm Payments Bank

| | New Delhi
  • 0

RBI Governor says hardly any room to review action taken against Paytm Payments Bank

Monday, 12 February 2024 | PTI | New Delhi

RBI Governor says hardly any room to review action taken against Paytm Payments Bank

Reserve Bank of India Governor Shaktikanta Das on Monday said there was "hardly any room" to review the action taken against Paytm Payments Bank.

In a major action against Paytm Payments Bank (PPBL), RBI, on January 31, directed it to stop accepting deposits or top-ups in any customer accounts, wallets, FASTTags and other instruments after February 29.

Talking to reporters in the national capital on Monday, Das said there was "hardly any room" to review the action taken against Paytm Payments Bank.

He also said that RBI takes action against regulated entities only after a comprehensive assessment.

While emphasising that RBI is supportive of the fintech sector, Das said it is also committed to protect the interest of customers as well as ensure financial stability.

The central bank is expected to soon issue a set of FAQs (Frequently Asked Questions) on the Paytm matter.

Sunday Edition

Exploring Pages of Possibility

25 February 2024 | Rajdeep Pathak | Agenda

Risks Lurk Behind The Glamour

25 February 2024 | Archana Jyoti | Agenda

DOCTORSPEAK | India's Over-the-Counter Topical Steroid Crisis

25 February 2024 | Dr Diksha Agrawal | Agenda

WHO: Nations must step up tobacco control measures

25 February 2024 | Saima Wazed | Agenda

Rhythm of the Ruins unveils emotional brilliance

25 February 2024 | Swarn Kumar Anand | Agenda

astroturf | Saraswati calls for being in harmony with all

25 February 2024 | Bharat Bhushan Padmadeo | Agenda