Speeding bus mows down pedestrian at MG Road more, driver flee
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The Reserve Bank of India (RBI) has announced additional restrictions on Paytm Payments Bank Ltd, preventing it from accepting deposits or facilitating credit transactions, including top-ups, in customer accounts or associated prepaid instruments, such as wallets and FASTags.
These restrictions will come into effect from February 29 onwards. This move follows the RBI's directive in March 2022, instructing Paytm Payments Bank to cease the onboarding of new customers immediately. The central bank cited "persistent non-compliances and continued material supervisory concerns in the bank" as the reasons behind these heightened restrictions.
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