Shares of Paytm’s parent company, One 97 Communications, surged 5% due to the resolution of the regulatory crisis. Analysts expect recovery and growth despite the challenges faced by Paytm Payments Bank. RBI extended the ban by 15 days, but services will not be disrupted.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.