Paytm Payments Bank Crisis: Here's how you can purchase, deactivate your FASTag
February 19, 2024 13:12 ISTAs per the recently released FAQs by the RBI, users will no longer be able to recharge their FASTags issued by PPBL after March 15.
As per the recently released FAQs by the RBI, users will no longer be able to recharge their FASTags issued by PPBL after March 15.
The Sensex and Nifty edged up nearly 3 per cent to 72,627 and 22,103, respectively.
FASTags issued by Paytm Payments Bank will no longer support top-up or recharge functionalities from March 15 onwards.
The minister of electronics and IT said that one of the projects has an $8 billion proposal from Israel-based Tower Semiconductors, with the other coming from Tata Group.
Kant said India's potential to supply 31 per cent of the world's skilled manpower positions it as a global powerhouse in the workforce arena.
The cold wave resulted in increased use of heating equipment like heaters, blowers and geysers which led to an increase of power demand as well as consumption. The power ministry had estimated the country's electricity demand to touch 229 GW during the summer in 2023.
Himachal Budget 2024: Announcing a 4 per cent additional Dearness Allowance for government employees from April 1, 2024, he said arrears of revised pay scales will be paid to employees and pensioners in a phased manner.
The action against Paytm Payments Bank was triggered by what the RBI officials described as persistent non-compliance with regulations. Earlier this week, the ED began looking into details of overseas transactions on the platform.
Paytm news: The Paytm Payments Bank Business Correspondent (Bank Agent) can help you to withdraw money from your bank account upto the balance available in your account.
RBI has asked Paytm Payments Bank to facilitate seamless withdrawal of customer deposits parked with partner banks.
The announcement has come amid reports that SpiceJet may lay off at least 1,000 employees in the coming days as the airline works to significantly reduce costs and streamline operations of its depleted aircraft fleet.
S&P expects a slowdown in system-level credit growth to around 14 per cent in FY25, beginning April 1, compared to the about 16 per cent annual growth in the first three quarters of FY24.
SBI introduced a green deposit scheme last month, a significant initiative in the domestic banking sector.
The plates have special features like a 3D hologram and a laser-etched serial number to prevent tampering and enhance security.
Donations to political parties are tax-exempt, provided they are directed towards political parties recognised by the Election Commission.
The Sensex rose by 306.34 points, or 0.43 per cent to reach 72,356.72 points, while the Nifty climbed 81.05 points
The agreement will enable users of both systems to conduct instant, cost-effective fund transfers between India and Nepal.
The Indian Highways Management Company has advised highway users to get fastags from a list of 32 authorised banks, which does not include Paytm Payments Bank.
Domestic passenger traffic rose by 4.69 per cent compared to January of the previous year, reaching 1.31 crore passengers.
The reversal of the funds is set for February 23 between 10:30 AM and 11:00 AM.
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