RBI Governor says hardly any room to review action taken against Paytm Payments Bank
New Delhi (PTI): Reserve Bank of India Governor Shaktikanta Das on Monday said there was "hardly any room" to review the action taken against Paytm Payments Bank.
In a major action against Paytm Payments Bank (PPBL), RBI, on January 31, directed it to stop accepting deposits or top-ups in any customer accounts, wallets, FASTTags and other instruments after February 29.
Talking to reporters in the national capital on Monday, Das said there was "hardly any room" to review the action taken against Paytm Payments Bank.
He also said that RBI takes action against regulated entities only after a comprehensive assessment.
While emphasising that RBI is supportive of the fintech sector, Das said it is also committed to protect the interest of customers as well as ensure financial stability.
The central bank is expected to soon issue a set of FAQs (Frequently Asked Questions) on the Paytm matter.
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Geological Survey of India hosts walkathon in B'luru to mark 175 years of geoscientific contribution
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Bengaluru: The Geological Survey of India (GSI) organised a Walkathon in Bengaluru on Sunday as part of its 175th-anniversary celebrations. Themed “Geoscience for a Safe World,” the event aimed to raise awareness about the role of geosciences in public safety, environmental conservation, and sustainable development.
Around 380 participants, including GSI officials, their families, students, geoscientists, and representatives from key organisations, took part in the event. The Walkathon started from Gate No. 4 of GSI’s Vasudha Bhawan, Kumaraswamy Layout, passed through Sarakki Signal, and concluded at Gate No. 5 of Vasudha Bhawan.
Several dignitaries from the sports and scientific communities were present. R. Vijay Kumar, Deputy Director General, GSI (Karnataka & Goa Unit), welcomed guests, including Atal Awardee Bharathi B.L., former Karnataka softball and baseball player K.R. Ashok Kumar, Parvathi Ashok Kumar, Rajesh Ramachandra Nirvaneshwar, Nandaini Anandani, K.V. Krishnamurthy (Secretary, Geological Society of India), and M.G. Murugan (Scientific Officer ‘G’, Atomic Minerals Directorate).
Debkumar Bhattacharya, Deputy Director General & HoD, Remote Sensing and Aerial Surveys, delivered the inaugural address, stressing the importance of public awareness on geoscience applications. C.S. Verma, Deputy Director General, Geophysical Division, highlighted GSI’s role in mineral exploration, geohazard assessments, and geoscientific research.
Addressing the gathering, R. Vijay Kumar spoke about GSI’s contributions to India’s natural resource policies since its inception in 1851. He emphasised the significance of geoscience in infrastructure resilience, disaster risk mitigation, and sustainable urban planning.
