NPCI May Grant Paytm License by March 15 While RBI Holds Firm on Banks Deadline

NPCI is on the verge of granting Paytm a third-party application provider license by March 15, while the RBI remains resolute on its deadline for Paytm Payments Bank to halt operations. This decision follows persistent non-compliances and regulatory concerns within Paytm Payments Bank, prompting the RBI to impose various restrictions.