May 23, 2017

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Paytm Payments Bank Limited commences operations

Written By Admin on May 23, 2017 | May 23, 2017

Date : May 23, 2017
Paytm Payments Bank Limited commences operations
Paytm Payments Bank Limited has commenced operations as a payments bank with effect from May 23, 2017. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India.
Shri Vijay Shekhar Sharma was one of the 11 applicants who was issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015.
Alpana Killawala
Principal Adviser
Press Release : 2016-2017/3148


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