Thursday, 5 March, 2026
Paytm Bank barred from onboarding new customers by the RBI
By Basit Ansari
<p>Due to likely gaps in its technology systems, the RBI barred SoftBank-backed Paytm Payments Bank from adding new customers. It might stifle the fintech's plans to become a small finance bank, and upset investors skeptical of the fintech's capacity to grow revenues following an expensive initial public offering. The RBI's decision comes from a slew of regulatory and compliance concerns with Paytm.<br />
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Read full story at Indian Express
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