Vijay Shekhar Sharma quits Paytm Payments Bank

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Concerning non-compliance with certain rules, the RBI requested that PPBL cease any further deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, and National Common Mobility Cards by March 15. This is when Vijay Shekhar Sharma made his decision.

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It seems likely that Paytm would collaborate with Axis Bank, HDFC Bank, State Bank of India, and Yes Bank to handle transactions using the widely used universal payments interface (UPI).

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Paytm has also established an advisory council led by M. Damodaran, a former chairman of Sebi, to provide guidance to the company on regulatory issues and how to improve compliance.

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Vijay Shekhar Sharma quits Paytm Payments Bank

Published : 28 February 2024

Concerning non-compliance with certain rules, the RBI requested that PPBL cease any further deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, and National Common Mobility Cards by March 15. This is when Vijay Shekhar Sharma made his decision.

It seems likely that Paytm would collaborate with Axis Bank, HDFC Bank, State Bank of India, and Yes Bank to handle transactions using the widely used universal payments interface (UPI).

Paytm has also established an advisory council led by M. Damodaran, a former chairman of Sebi, to provide guidance to the company on regulatory issues and how to improve compliance.

Check out more 5paisa webstories

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