Is it the end of the road for Paytm expansion?

The journey of Paytm Payments Bank Ltd has been eventful. Paytm Payments Bank was formed in 2017 after receiving a license from the Reserve Bank of India (RBI). Initially backed by Softbank and later by Jack Ma, it entered the market with significant financial support and strategic backing.

Despite its early successes, Paytm Payments Bank faced regulatory hurdles related to compliance. Persistent non-compliance led to the RBI halting the onboarding of new customers and deposit acceptance. All transactions, including top-ups and prepaid instruments, were stopped as of March 15.