News > Paytm Payments Bank Gets RBI's Nod For Scheduled Bank Status

Paytm Payments Bank Gets RBI's Nod For Scheduled Bank Status

BusinessWorld | 10/12/2021 09:57 PM | Click to read full article

Paytm Payments Bank has gained Reserve Bank of India's (RBI) approval to function as a scheduled payments bank, it said on Thursday, helping it to expand its financial services operations.

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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