RegulatoryBusinessLine
Paytm gets preliminary RBI nod for wallet licence
Positive+942 sources
GreyOak summary
This decision comes after the RBI previously barred the company's payments bank from accepting deposits due to regulatory non-compliance. The approval allows the subsidiary to move towards restarting wallet services following final authorization.
What it affects
- One 97 CommunicationsPAYTMPositive +94
Shares hit record high on RBI nod.Rolling sentiment Positive +58
- RBI regulationPositive +94
Preliminary nod granted for wallet licence.Rolling sentiment Positive +32
Source
Read the original at BusinessLineMore One 97 Communications news
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