RBI's Paytm Payments Bank Crackdown May Be Precursor To Revoking Licence: Exclusive

Reserve Bank of India's move to block fresh deposits at Paytm Payments Bank may have been in preparation of its licence cancellation, people in the know told NDTV Profit.The regulator on Wednesday said that Paytm Payments Bank cannot accept fresh deposits, top-ups or credit transactions in its account after Feb. 29. The move came after the RBI noted persistent non-compliance and major supervisory concerns at the payments bank.The str...