Advertisement
Singapore markets closed
  • Straits Times Index

    3,367.90
    +29.33 (+0.88%)
     
  • S&P 500

    5,482.65
    +7.56 (+0.14%)
     
  • Dow

    39,165.40
    -4.12 (-0.01%)
     
  • Nasdaq

    17,934.39
    +55.09 (+0.31%)
     
  • Bitcoin USD

    61,943.68
    -949.03 (-1.51%)
     
  • CMC Crypto 200

    1,308.39
    -36.12 (-2.69%)
     
  • FTSE 100

    8,120.90
    -45.86 (-0.56%)
     
  • Gold

    2,336.40
    -2.50 (-0.11%)
     
  • Crude Oil

    83.61
    +0.23 (+0.28%)
     
  • 10-Yr Bond

    4.4420
    -0.0370 (-0.83%)
     
  • Nikkei

    40,074.69
    +443.63 (+1.12%)
     
  • Hang Seng

    17,769.14
    +50.53 (+0.29%)
     
  • FTSE Bursa Malaysia

    1,597.96
    -0.24 (-0.02%)
     
  • Jakarta Composite Index

    7,125.14
    -14.48 (-0.20%)
     
  • PSE Index

    6,358.96
    -39.81 (-0.62%)
     

India will not review regulatory action on Paytm Payments Bank, says cenbank chief

FILE PHOTO: Paytm app is seen on a smartphone in this illustration

NEW DELHI (Reuters) - India's central bank will not review its recent regulatory action taken on Paytm Payments Bank, Governor Shaktikanta Das said on Monday.

The Reserve Bank of India (RBI), last month, ordered Paytm affiliate Paytm Payments Bank to shut most of its business, including deposits, credit products and its popular digital wallets, by Feb. 29, citing "persistent non-compliance."

(Reporting by Aftab Ahmed in New Delhi, writing by Siddhi Nayak in Mumbai; Editing by Savio D'Souza)