Paytm Payments Bank Launched: Cashback on Deposits, ATM Withdrawal Limits, and Other Details

Paytm Payments Bank Launched: Cashback on Deposits, ATM Withdrawal Limits, and Other Details

Paytm has launched the Paytm Payments Bank in India, announcing the new unit via a public notice in newspapers and a blog post. Renu Satti has been appointed the CEO of the new entity, and also sits on the payments bank’s board; Paytm CEO Vijay Shekhar Sharma is the non-executive chairman. With the Paytm Payments Bank finally operational, there are a few changes consumers would be introduced to, primarily the wallets business being transferred to the newly-incorporated entity Paytm Payments Bank Ltd (PPBL). There seems to be some confusion around…

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