Effective February 29, 2024, Paytm Payments Bank has been prohibited by the Reserve Bank of India (RBI) from accepting new deposits. As a prominent player in the Indian fintech sector under One97 Communications, the company is now grappling with heightened regulatory scrutiny and customer apprehension. In response to these challenges, the organization has revealed plans to establish a three-member advisory committee aimed at enhancing governance matters.
![Paytm Payments Bank’s recent controversy with the Reserve Bank of India (RBI): What implications might this hold for its customers?](https://trendingnewsguru.com/wp-content/uploads/2024/02/download.jpeg)
- February 10, 2024
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