RegulatoryEconomic Times
Paytm gets RBI in-principle nod for wallets
Positive+66
GreyOak summary
Paytm received in-principle approval from the RBI to operate digital wallets through its subsidiary PPSL. The company must complete a systems audit within six months. This follows the cancellation of PPBL's banking licence and Paytm's stock recovery driven by improved profits.
What it affects
- One 97 CommunicationsPAYTMPositive +66
Received RBI nod to revive wallet biz.Rolling sentiment Positive +58
- RBI regulationPositive +66
Rolling sentiment Positive +32
Source
Read the original at Economic TimesMore One 97 Communications news
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