Startup founders write to PM, FM & RBI to review regulatory action on PPBL

A group of start-up founders has written to the PM, the FM, and the Reserve Bank of India (RBI), urging a review of the regulator’s directive that ordered Paytm Payments Bank (PPBL) to cease major banking services after February 29.

The letter, endorsed by a dozen entrepreneurs, features names such as Yashish Dahiya of Policy Bazaar, Deepak Shenoy of Capital Mind, Murugavel Janakiraman of Bharat Matrimony, Rajesh Magow of MakeMyTrip, and Ritesh Malik of Innov 8, among others.