Mumbai, Feb. 16 -- The Reserve Bank of India (RBI) on Friday extended the deadline for Paytm Payments Bank Ltd (PPBL) to cease accepting new deposits and conducting credit transactions.

The new deadline is March 15, extending from February 29 set by RBI for PPBL to stop these operations.

Despite this extension, the latest press release or FAQ from the regulator does not indicate any notable concessions or relaxations for the troubled payments bank.

No further deposits or credit transactions or top-ups shall be allowed in any customer accounts, prepaid instruments, wallets, FASTags, National Common Mobility Cards, etc. after March 15, 2024, extended from the earlier stipulated timeline of February 29, 2024, other than any interest, cash...