It has been announced that Paytm’s Paytm Payments Bank license has been completely revoked for violating the norms of Reserve Bank of India. According to Reserve Bank, Paytm Payments Bank services will no longer be available after February 29. However, despite this order, the Paytm app will continue to operate, as no ban has been imposed on it.
However, after such a ban on the entity, the trust of the common people in Paytm has gone away. Even business organizations are saying ‘Quit Paytm’. In such a situation, there are millions of customers in the country who are facing problems in various ways, because many of them are solely dependent on the various services of Paytm Payments Bank. Just when such a chaotic situation is going on with the company’s business, there is another speculation about Mukesh Ambani.
After the ban on Paytm, it is heard that Mukesh Ambani can buy Paytm at a time when many questions are being raised about whether this platform is secure at all. It is heard that India and Asia’s richest industrialist Reliance Industries is looking forward to buy Paytm Wallet. But not only Mukesh Ambani, there is another big banking company in this list.
Paytm CEO Vijay Shekhar Sharma talked to Mukesh Ambani’s company in November last year about the transfer of ownership of Paytm. Talks are said to have taken place with Jio Financial. However, whenever the Reserve Bank of India imposes such a ban on the company i.e., orders to stop payments bank services, HDFC Bank is again in the race to buy the company’s wallet.
