Paytm still karo? How a startup star became a cautionary tale
RBI aimed to redirect funds from Paytm Bank's deposit accounts back to those who had initially deposited their money with Vijay Shekhar Sharma's bank. The potential decline of Paytm Payments Bank may not be a concern for the RBI. Despite the limited impact of payments banks on the overall financial system, the move sparked panic among numerous merchants and users of Paytm's UPI service and FASTag business.
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