RBI imposes significant business restrictions on Paytm, restricting new deposits, credit transactions, and onboarding new customers.
Source: Moneycontrol
RBI cites persistent non-compliance and supervisory concerns. Comprehensive System Audit prompts major restrictions on Paytm.
Source: Moneycontrol
No fresh deposits, credit transactions, or top-ups after February 29, 2024. Withdrawals and utilization of balances allowed without restrictions.
Source: Moneycontrol
Post Feb 29, 2024, Paytm Payments Bank restricted from providing banking services like fund transfers, BBPOU, and UPI facilities.
Source: Moneycontrol
Shares plunge 20% on RBI's lending business restrictions. Several analysts downgraded their rating.
Source: Moneycontrol
Paytm pauses lending operations, engaging with lenders. Estimates worst-case impact on EBITDA at Rs 300-500 Cr. Concerns rise over EPS impact.
Source: Moneycontrol