Paytm Payments Bank is set to come to a grinding halt as the RBI halts almost all services, citing persistent non-compliance and ongoing supervisory concerns. Late into the night at 1:30 am, One97 issues a press release, pivoting away from the payments bank arm. However, can the company pivot from the punishment imposed by the RBI? What will happen to the 330 million+ customers at Vijay Shekhar Sharma’s payment arm? What caused this significant clampdown, and did Paytm have it coming? Will lenders and customers flee due to growing governance concerns? Tune in as ET’s Anupriya Nair and Pratik Bhakta break down the ban in the latest episode of The Morning Brief podcast!

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If you like this episode from Anupriya Nair, check out her other interesting episodes on Evergreening & AIFs: An impractical solution to a genuine problem?, Outlook 2024 with JPMorgan: Will Cuts be the Catalysts for Macros and Markets? India’s Surge In Satta: How cheap options can turn very costly, and much more!

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