Latest news for Paytm users: On January 31, 2024, in line with its jurisdiction under Section 35A of the Banking Regulation Act of 1949, the Reserve Bank of India has directed Paytm Payments Bank Ltd. (PPBL or the bank) to immediately suspend onboarding new clients. Paytm and PPBL have mutually agreed to discontinue various inter-company agreements, according to a notification on the stock exchanges dated March 1, 2024.