Paytm gets RBI’s permission to formally launch payments bank
The Reserve Bank of India on Tuesday gave permission to formally launch the Paytm Payments Bank, the m-commerce platform's official blog stated. Paytm's CEO Vijay Shekhar Sharma further said that he intends to take a full-time executive role in the bank. Earlier, he revealed that around ₹220 crore had been invested in the payments bank.