Huge Problem For PayTM | Strict Action Taken By RBI 🔥🔥🔥

The Reserve Bank of India on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or allowing credit transactions, or top-ups, in customer accounts or prepaid instruments - such as wallets and FASTags - linked to those accounts, after February 29.
Full Details & Update On TF Community: https://www.technofino.in/community/threads/action-against-paytm-payment-bank-no-customer-onboarding-credit-or-debit-transaction.22506/

The RBI's order cited "persistent non-compliances and continued material supervisory concerns in the bank" that were flagged after a comprehensive audit of its systems by external parties.
In addition, the nodal accounts of Paytm's parent company, One97 Communications Ltd., and Paytm Payments Bank Ltd., or PBBL, have been terminated by the central bank.

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