“ I want to emphasize that you should wait for the FAQ we are issuing. In that FAQ, all the problems faced by customers will be addressed. Our priority is to ensure that customers and depositors do not face any inconvenience. That’s why we have given a one-month time frame. The action was taken on January 31st, and we have given time until February 29th. We have provided this time because the transition, customer interest, and depositor interest are always our top priorities. Hence, we have given a one-month period for customers to make informed decisions and proceed with the transition if they wish,
Statements by Shaktikanta Das
“ All actions of RBI are in best interest of systemic stability, protection of customers' interest. Restrictions are always proportionate to the gravity of the situation. When constructive engagement…
“Today. Tomorrow. Always”: Paytm Founder’s Post Amid RBI Clampdown
“ We give sufficient time to every entity to comply and sometimes more than sufficient time to the entities for compliance. If they would comply, why would a regulator like us would have to take action?
RBI on clampdown against Paytm: ‘Persistent non-compliance’