PolicyCNBC-TV18
RBI grants tentative approval for Paytm wallet revival
Positive+67
GreyOak summary
Paytm received tentative approval from the Reserve Bank of India to resume its digital wallet operations. The company must complete a cybersecurity audit within six months to secure final approval. This move aims to revive its high-margin revenue engine following previous regulatory restrictions.
What it affects
- One 97 CommunicationsPAYTMPositive +67
Received tentative RBI approval to revive wallet services.Rolling sentiment Positive +59
- RBI regulationPositive +67
Granted in-principle approval for wallet operations.Rolling sentiment Positive +36
Source
Read the original at CNBC-TV18More One 97 Communications news
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