Paytm Will Delete Inactive Wallet Accounts Starting July 20

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[{"selector":"#anim-0410eae5-677a-4552-9f61-6eeb1a102017","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1f61883c-25de-4896-b525-1c28665ba622","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] – Paytm to close inactive wallet accounts with NIL balances. – Action taken under RBI guidelines.

[{"selector":"#anim-f92a9bc5-ed83-40a0-8020-df2895ba4a8a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1fec462b-dd96-468c-ae94-054bc1fa992f","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Announcement and Reason – Paytm announces deletion of inactive wallet accounts from July 20, 2024. – Compliance with RBI guidelines post sanctions.

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[{"selector":"#anim-02c3a0ab-590a-4c8c-bed2-44c348221daa","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ae040758-8c7b-4f3c-a40d-6ea06977f2bc","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Partnerships and Business Stabilization – Paytm partners with Axis Bank, HDFC Bank, SBI, Yes Bank for UPI services. – New board of directors appointed for business stability. – Vijay Shekhar Sharma emphasizes commitment to regulatory compliance.