RBI: Reserve Bank of India can now take this strict action against Paytm
Recently, a big step has een taken by the Reserve Bank of India i.e. RBI regarding the online payment app Paytm. Paytm's troubles are showing no sign of abating. Now due to RBI, Paytm's problems may increase further in the future.
Recently, Paytm Payment Bank was banned by IBI from taking credit transactions and any kind of deposit. According to the news, after ensuring the safety of the depositors, the operating license of Paytm Payments Bank can be cancelled by the Reserve Bank of India in the coming month. This is being considered by the Central Bank.
If RBI takes this step in the next month, then it will be no less than a big blow for Paytm. According to reports, the Reserve Bank of India may take action against Paytm after the February 29 deadline.
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