Question

Recently, the Reserve Bank of India (RBI) has imposed restrictions on which payment bank?

• A. Airtel Payment Bank
• B. Paytm Payment Bank
• C. Jio Payment Bank
• D. India Post Payment Bank

Hint:

When following financial regulations, stay informed about the actions taken by central banks like the RBI, as they affect the functioning of financial institutions in India.

Answer 1

The Correct Option is B

In 2024, the Reserve Bank of India (RBI) imposed restrictions on Paytm Payment Bank, restricting its operations temporarily due to regulatory concerns.

Thus, the correct answer is Paytm Payment Bank.

Answer 2

Recently, the Reserve Bank of India (RBI) imposed restrictions on Paytm Payment Bank.

The restrictions were related to the bank's failure to maintain the required minimum net worth and comply with certain regulatory norms. RBI directed Paytm Payment Bank to restrict onboarding new customers and other activities until it meets the necessary regulatory requirements.

This move by the RBI underscores the importance of compliance and financial stability among payment banks operating in the country.

Conclusion:
The Reserve Bank of India has recently imposed restrictions on Paytm Payment Bank due to regulatory non-compliance.