"No review of decision on Paytm Payments Bank" says RBI Chief Shaktikanta Das
Post by ANI on Monday, February 12, 2024
RBI Governor Shaktikanta Das on Monday reiterated that all decisions taken by the Central bank are carefully considered. The RBI Governor was speaking in the context of certain restrictions placed against Paytm Payments bank. The RBI Chief was speaking at the 606th meeting of the Central Board of Directors of the Reserve Bank of India which was held today at New Delhi
When questioned as to whether the Central bank will review the decision on Paytm Payments Bank, the Governor said a firm no.
"There is hardly any room for review. The word review being used is not appropriate. Our priority is that the customers should not face any inconvenience so we have given one month's time. The action was taken on January 31, time of one month (till 29 Feb) is given because customer interest is uppermost" the RBI Governor said.