Paytm Payments Bank gets RBI nod to function as scheduled payments bank

Shares of Paytm ended 2.62 per cent higher at the end of today’s trading session. Here is all you need to know.

Paytm Payments Bank Limited (PPBL), a unit of leading digital payments firm Paytm, said it has gained the Reserve Bank of India’s (RBI) approval to function as a scheduled payments bank. This will help PPBL expand its financial services operations.

Following the announcement of the approval, shares of Paytm ended 2.62 per cent higher at the end of today’s trading session. Paytm shares closed at Rs 1,594.55 apiece.