Despite the Reserve Bank of India’s (RBI) directive to Paytm Payments Bank Ltd (PPBL), a 49% stakeholder in OCL, prohibiting it from accepting deposits or top-ups after February 29, CEO Sharma affirmed that Paytm will remain operational

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The RBI said that citizens will continue to be able to deposit Rs2000 banknotes into their bank accounts and/or exchange them into banknotes of other denominations at any bank branch up to September 30, 2023

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