News > Paytm Payments Bank Gets RBI's Nod For Scheduled Bank Status
Paytm Payments Bank Gets RBI's Nod For Scheduled Bank Status
Business World | 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.