Paytm gets permission from RBI to launch Paytm Payments Bank

Today, Reserve Bank of India gave permission to formally launch Paytm Payments Bank.

Paytm founder, Vijay intends to take a full-time executive role in the Bank.

At Paytm Payments Bank, our aim is to build a new business model in banking industry, focussed on bringing financial services to 100’s of millions of un-served or underserved Indians.
With power of technology and innovation-at-scale, we aim to become a benchmark in world of banking

What interest rates are you expecting? Will it be better than Airtel payments bank?

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