Paytm seeks in-principle nod on small bank licence

Paytm Payments Bank has written to the Reserve Bank of India (RBI), seeking an in-principle approval for becoming a small finance bank (SFB) that will enable it to extend loans. The bank has said that the approval will help the lender prepare the groundwork so that it would not have to spend time when it completes the five-year waiting period in a couple of years.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3lwT8cj