Paytm Payments Bank faces uncertain future as RBI denies concessions
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There seems to be no respite for Paytm Payments Bank Limited (PPBL) as the Reserve Bank of India (RBI) has denied any concessions, including transferring accounts to other banks or extending the deadline past February 29, 2024. According to Moneycontrol, RBI officials told Paytm founder Vijay Shekhar Sharma that PPBL must communicate with banks and the National Payments Corporation of India (NPCI) independently, without any help from the central bank.
