Paytm Payments Bank, a part of the Paytm company, has faced regulatory action from the Reserve Bank of India (RBI) due to non-compliance with regulations.  The RBI initially ordered the bank to stop accepting new deposits by February 29, which was later extended to March 15.  Paytm has shifted its nodal account to Axis Bank ...

Amid the national lockdown, declared to curtain the spread of corona virus, Indian banks suggested their customers to opt for mobile or internet banking over cash. The shutdown has resulted in lesser staff. The move helps in preventing the unnecessary crowding of branches. The banks are offering digital schemes in the wake of pandemic to ...