Gurgaon, Feb. 12 -- The Reserve Bank of India (RBI) prohibited Paytm Payments Bank from providing nearly all of its services due to non-compliance and material supervisory concerns. These issues were raised in the external auditors' report.

Although the precise non-compliance issues were not specified, Paytm has encountered several regulatory obstacles since its establishment.

What restrictions were imposed on Paytm Payments Bank? The restrictions imposed on Paytm Payment Bank included

Suspension of deposits Credit transactions Fund transfers Top-ups However, some of the other services like prepaid instruments, wallets, FASTags, and National Common Mobility Cards also experienced a halt in operations.

What are the regulatory issues th...