Money laundering concerns and KYC non-compliance led to ban on Paytm Bank by RBI

Reserve Bank of India (RBI) has imposed restrictions on Paytm Payments Bank Ltd (PPBL), ordering it to cease most of its business activities, including accepting further deposits, conducting credit transactions, and carrying out top-ups for customer accounts, prepaid instruments, wallets, and cards for road toll payments after February 29. Read The Rest at :