Published : 29 January 2024
By : Sachin Gupta
RBI on Wednesday prohibited Paytm Payments Bank Ltd. from taking any more deposits or top-ups in wallets, prepaid cards, client accounts, or FASTags after February 29, 2024. The Reserve Bank took action against Paytm Payments Bank Ltd (PPBL) in response to an external auditor's compliance validation report and a thorough system audit report.
Bimlendra Jha, the managing director of Jindal Steel and Power Ltd (JSPL), announced his resignation from the company on Thursday. For the time being, Wholetime Director Sabyasachi Bandyopadhyay will take on the duties of Managing Director.
Reliance and Disney India are still in negotiations to combine with Viacom18. The Ambani-led company would probably acquire at least a 50% share in the combined entity.