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Reserve Bank of India
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- 7 OctRBI removes Paytm Payments Bank from list of scheduled banks
The Reserve Bank of India has excluded Paytm Payments Bank Ltd (PPBL) from the Second Schedule to the RBI Act after cancelling its banking licence in April. A notification was published on July 31 and appeared in the Gazette in September, and the Delhi High Court later ordered PPBL be wound up.
India · 2 sources
- 7 OctRBI says it will ensure stability as rupee stays undervalued
The rupee has been under pressure for much of this year, driven by higher crude oil prices after the West Asia conflict. The Reserve Bank of India (RBI) says it will act to ensure stability and help the rupee find its correct value.
India · 1 source
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