agencies
NEW DELHI, Feb 1: The RBI's order to stop almost all services of Paytm Payments Bank after February 29 will have an impact of Rs 300-500 crore on annual operational profit of the company. The central bank on Wednesday barred Paytm from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024.
The action against Paytm Payments Bank Ltd (PPBL) followed a comprehensive system audit report and subsequent compliance validation report of external auditors.
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