India's Paytm Payments Bank gets scheduled bank status from RBI

India's Paytm Payments Bank gets scheduled bank status from RBI

FILE PHOTO: A worker adjusts a hoarding of Paytm, a digital payments firm, in Ahmedabad, India, January 31, 2019. REUTERS/Amit Dave

Paytm Payments Bank Limited (PPBL), an associate entity of Paytm, has gained the central bank’s approval to function as a scheduled payments bank, it announced on Thursday, helping it to widen its financial services operations.