The Reserve Bank of India (RBI) is set to meet stakeholders, including the National Highways Authority of India (NHAI) and National Payments Corporation of India (NPCI), to address the migration of customers and merchants from Paytm Payments Bank (PPBL). The move follows the RBI’s ban on PPBL from accepting new deposits after February 29, with concerns about “persistent non-compliance.” The meetings aim to guide merchants through the transition, especially regarding services like FASTag. RBI Governor Shaktikanta Das mentioned the release of FAQs next week to clarify queries from customers and merchants, emphasizing the regulator’s focus on bilateral engagement and corrective measures.
RBI to Discuss Paytm Payments Bank Transition with Stakeholders
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