RBI Governor Shaktikanta Das said that RBI will soon issue a set of Frequently Asked Questions (FAO) targeting inconveniences and difficulties being faced by customers and depositors.
Paytm stated in a blog post that it assures users the services will be available without any disruption. Additionally, it mentioned partnering with other banks to offer services following the RBI directive on its associate PPBL.
The advisory committee will be headed by former SEBI chairman M Damodaran, CA MM Chitale, and erstwhile chairman and managing director of Andhra Bank, R Ramachandran.