Banks to seek RBI comfort on partnering with Paytm

Paytm may have to face hurdles when it comes to forming partnerships for its Paytm Payments Bank (PPB) accounts as banks are unsure about taking them over, senior bankers told FE.

For most banks, it is a question of reputational risk besides being unsure about the quality of accounts. They would rather wait for a green signal from the Reserve Bank of India (RBI) or some other regulatory comfort before going forward.