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FY24 loss narrows to Rs 1,422.4 crore
Axis Bank, HDFC Bank, State Bank of India, and YES Bank will act as Payment System Provider (PSP) banks to Paytm.
The shareholders of PPBL have agreed to simplify the shareholders agreement to support PPBL's governance, independent of its shareholders
The RBI had asked Paytm Payments Bank to wind down operations by March 15 due to persistent non-compliances and continued material supervisory concerns.
The central bank said this is being done keeping in view the interest of customers.
Tthe RBI directed PPBL to stop accepting deposits or top-ups in customer accounts, wallets, FASTags and other instruments after February 29.
The RBI had in 2022 asked the bank to stop adding customers.
The charges are applicable only for prepaid payment instruments like wallet and credit cards.
Shares of the company fell as much as 8.8% to 528 rupees in afternoon trading, and was last down 5.8% as of 3:00 p.m. IST.
The deal also includes domestic cricket matches and prestigious tournaments like Irani Trophy, Duleep Trophy, and Ranji Trophy organised by the BCCI apart from all junior cricket (Under-19 and Under-23) matches held in India.
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