RBI Orders Paytm Payments Bank to Halt Operations Amid Compliance Issues

Paytm CEO engages with RBI and Finance Minister to address regulatory concerns, assuring uninterrupted services for users and merchants.

Paytm faces regulatory challenges as RBI orders Paytm Payments Bank to cease most operations due to non-compliance issues.
Vijay Shekhar Sharma, Paytm's CEO, meets with Finance Minister and RBI to address concerns, but government states it has no role in the matter.
Despite setbacks, Paytm assures merchants and users of uninterrupted services and compliance with regulatory directives.
RBI's actions against Paytm Payments Bank raise concerns among customers and investors, leading to a significant drop in Paytm's share value.
RBI may issue further clarifications regarding Paytm Payments Bank's non-compliance to restore customer confidence.