Paytm Payments Bank gets scheduled bank status from RBI

[Bapun]

Being a Scheduled Payments Bank, Paytm Payments Bank can take part in government and other large corporations issued Request for Proposals (RFP), primary auctions, fixed-rate and variable rate repos, and reverse repos, along with participation in Marginal Standing Facility. The payments bank will now be eligible to partner in Centre-run financial inclusion schemes.

Paytm Payments Bank gets scheduled bank status from RBI

As a scheduled payments bank, Paytm Payments can participate in government and companies’ request for proposals, primary auctions, fixed-rate and variable rate repos, and reverse repos, along with participation in Marginal Standing Facility

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