RBI issued FAQs on Paytm: Recently an important step was taken by the Reserve Bank of India (RBI) regarding Paytm Payments Bank, after which now FAQs on Paytm Payments Bank have been issued by RBI.
Paytm News: Recently an important step was taken by the Reserve Bank of India (RBI) regarding Paytm Payments Bank. After which now FAQs on Paytm Payments Bank have been issued by RBI. RBI has issued a FAQ of 14 points. Along with this, taking another important step, RBI has also extended the date of restrictions imposed on Paytm Payments Bank. Now this date has been extended by RBI to 15 March 2024.
FAQs released
Earlier, after the MPC’s monetary policy announcement on February 8, RBI Governor Shaktikanta Das had said that the FAQs would address the concerns of all stakeholders. During that time, Governor Shaktikanta Das had said that we have received a lot of questions in the last few days. We have noted them. Will bring FAQs (Frequently Asked Questions) based on that. Now FAQs have been issued.
Date extended till 15th March
Deputy Swaminathan J said the action against Paytm Payments Bank was based on persistent non-compliance. The date of ban on Paytm has been extended till March 15. Earlier this date was 29 February 2024. According to the RBI circular issued on January 31, 2024, deposits, credit transactions, top-ups or withdrawals will not be allowed in any customer account, prepaid card, wallet, Fastag, NCMC card etc. of Paytm Payments Bank after February 29, 2024. Now this date has been changed to 15 March 2024.
Shares fell more than 50%
Let us tell you that due to the action taken on Paytm Payments Bank, there was a very bad impact on the share price of Paytm and a huge decline was recorded in the share of Paytm. In the last one month, the share price increased by more than 50%. A decline has been seen. Within a month the share price has fallen from Rs 750 to below Rs 350. On February 16, 2024, the share price closed at Rs 341.30 on NSE. The stock has fallen by about 53.63 percent in 1 month. Paytm’s 52 week high price on NSE is Rs 998.30 and its 52 week low price is Rs 318.05.
