Scheduled standing to Paytm Payments Bank

Paytm Payments Bank has been given the scheduled financial institution standing by the Reserve Bank of India.
According to the financial institution, it has been included within the Second Schedule to the Reserve Bank of India Act, 1934.
With the scheduled financial institution standing, the financial institution can discover new enterprise alternatives, together with participation in authorities and different giant firms issued request for proposals, main auctions, fixed-rate and variable charge repos, and reverse repos.
The approval will assist it to carry extra monetary companies and merchandise, it stated. (With PTI)