Paytm Payments Bank to stop working from March 15
By
Biju Kumar
BENGALURU: Paytm Payments Bank will cease its operations including accepting deposits and credit transactions, from Friday (March 15) as mandated by the Reserve Bank of India.
As a result, the banking unit of payments firm Paytm, will cut about 20% of staff. Sources confirmed the job cut in the banking unit and this will affect at least 550 employees.