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Leading financial services company Paytm said on Monday that its founder and CEO Vijay Shekhar Sharma has stepped down as Non-Executive Chairman and Board Member of Paytm Payments Bank Ltd (PPBL), as the Reserve Bank of India (RBI) ban on the bank's operations inches closer.

Vijay Shekhar Sharma quits as Paytm Payments Bank Chairman, Board  member

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The RBI has barred Paytm Payments Bank Ltd (PPBL) from further deposits or credit transactions or top ups in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc., after February 29, 2024, other than any interest, cashbacks, or refunds which may be credited anytime.

RBI bars Paytm Payments Bank from accepting deposits after Feb 29

RBI has decided to raise the limit from 1 lakh to 5 lakhs in medical and educational institute transactions

UPI Transactions Limit Changed: Know how much money you can transfer through Gpay, PhonePe & other apps

Enhancing the payment limits for Unified Payments Interface (UPI), electronic mandates, setting up of cloud facilities, the financial sector and fintech repository were some of the major announcements made by the Reserve Bank of India Governor, Shaktikanta Das on Friday.

RBI hikes limits for UPI payments & e-mandates, to set up cloud facility, FinTech repository

Punjab Food Civil Supplies Minister Lal Chand Kataruchak on Thursday, while taking stock of paddy procurement here, said that a total 61 lakh metric tonne paddy brought to Mandis by farmers of which more than 60 LMT was procured so far. 

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Vijay Shekhar Sharma quits as Paytm Payments Bank Chairman, Board member

Flyfish Review – Getting International Payments with Convenience

RBI bars Paytm Payments Bank from accepting deposits after Feb 29

UPI Transactions Limit Changed: Know how much money you can transfer through Gpay, PhonePe & other apps

RBI hikes limits for UPI payments & e-mandates, to set up cloud facility, FinTech repository

Over 60 LMT paddy procured in state Mandis, payments more than Rs. 10000 CR released to farmers: Kataruchak