First, the Reserve Bank of India (RBI) imposed business restrictions on Paytm Payments Bank for allegedly violating norms repeatedly over several years. Then, the central bank debarred it from accepting fresh deposits and credit transactions after March 15, which could effectively mean curtains for the bank. On March 4, the RBI imposed an embargo on IIFL Finance’s gold loan business and the next day it banned loans against shares and the IPO (initial publicTo read the full story, subscribe to BS Premium now, at just Rs 249/ month. Key stories on business-standard.com are available only to BS Premium subscribers. Register to read more on Business-Standard.com

Source: Punch March 11, 2024 01:15 UTC