RBI gives Paytm 15 days more before curbs kick in
RBI on Monday relaxed the deadline on most of the restrictions imposed on Paytm Payments Bank to March 15 from Feb 29, including accepting fresh deposits. It also clarified that QR codes and soundboxes that are not linked to PPBL will continue to work after mid-March. Paytm shares, which have been hammered for weeks after RBI action, were up 5% as the market looked for life beyond PPBL for the parent company.
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