Paytm Ends Ties with Paytm Payments Bank Amid RBI Scrutiny

Paytm’s parent company One 97 Communications announced its decision to terminate inter-company pacts with Paytm Payments Bank to reduce dependencies, following RBI pressure. Paytm Payments Bank faces an RBI deadline of March 15 to cease credit transactions and deposits. Paytm assures uninterrupted services for its customers through alternative partnerships.

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