Paytm Payments Bank raises to 122 crore

Posted on:24 Nov 2017 16:00:03
Paytm Payments Bank raises to 122 crore
24 November 2017 Current Affairs: Paytm Payments Bank raised 122 crores from Paytm's parent company One97 Communications and its Founder Vijay Shekhar Sharma.

It is also the first bank to offer cash back on deposits, such as cash back of Rs 250 on depositing Rs 25,000 into the bank account.

These are India Post Payments Bank, Airtel Payments Bank, Fino Payments Bank and Paytm Payments Bank.

The surprising aspect related to the functioning of these payments bank as revealed through an RTI report from RBI is that none of these banks have really been able to attract deposits from the public in all these months.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs December 2017

13 DECEMBER
NEWS
12 DECEMBER
NEWS
11 DECEMBER
NEWS
10 DECEMBER
NEWS

Current Affairs November 2017

30 NOVEMBER
NEWS
29 NOVEMBER
NEWS
28 NOVEMBER
NEWS
27 NOVEMBER
NEWS

Current Affairs October 2017

31 OCTOBER
NEWS
30 OCTOBER
NEWS
29 OCTOBER
NEWS
28 OCTOBER
NEWS