Paytm gets appproval to launch Payment Bank

Posted on:18 May 2017 14:50:37
Paytm gets appproval to launch Payment Bank
18 May 2017 Current Affairs:

  • Digital payment and commerce company Paytm has received the final nod from the Reserve Bank of India and is set to launch Paytm Payments Bank on May 23, 2017.

  • Renu Satti, vice-president of business at Paytm, will take over as the chief executive officer (CEO) of Paytm Payments Bank.

  • Paytm is the third company from the 11 other applicants to launch payments bank after Airtel and IndiaPost.



  • Digital payment and commerce company Paytm has received the final nod from the Reserve Bank of India and is set to launch Paytm Payments Bank on May 23, 2017.

  • Renu Satti, vice-president of business at Paytm, will take over as the chief executive officer (CEO) of Paytm Payments Bank.

  • Paytm is the third company from the 11 other applicants to launch payments bank after Airtel and IndiaPost.


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