Paytm founder and CEO of One97 Communications, Vijay Shekhar Sharma, met Finance Minister Nirmala Sitharaman in the presence of top Department of Financial Services officials, amid the crisis engulfing Paytm Payment Bank’s operations. He was told in no uncertain terms by Ministry representatives that the bank needs to comply with Reserve Bank of India (RBI) directives and regulations. The government has no role to play in the matter that entails the central bank asking Paytm Payment Bank to suspend acceptance of deposits after February 29, it was conveyed to Mr. Sharma, sources in the know said. Source from: https://www.thehindu.com/business/vijay-shekhar-sharma-founded-of-one97-communications-meets-finance-minister-nirmala-sitharaman/article67819363.eceShare this: TwitterFacebookLinkedInTelegramWhatsApp

Source: The Hindu February 07, 2024 12:04 UTC