Axis Bank ready to work with Paytm if RBI permits, says Amitabh Chaudhry

Axis Bank Offer: In this time of crisis, Axis Bank has extended its helping hand to Paytm. Axis Bank MD and CEO Amitabh Chaudhary has said that if it gets the approval of the Reserve Bank of India (RBI), then it will open its doors to Paytm Payments Bank.Ready to work together with Paytem Payments Bank. Earlier HDFC Bank (HDFC Bank's Parag Rao had also confirmed talks with Paytm. He had said that banks are keeping an eye on the matter of Paytm. We have full attention on the developments taking place in this matter. Earlier on Monday, RBI Governor Shaktikanta Das had clarified that the central bank will not review its decision.

Ready to work as per RBI

Amitabh Chaudhary said on Monday that he is ready to work with Paytm. However, this depends on regulatory approval. If we get yes from RBI then we would definitely like to work with Paytm Payments Bank. Chaudhary, CEO of Private Sector Bank, said that Payments Bank is an important company in this sector. He spoke in this regard while launching the Hurun India 500 list created by Hurun and Axis Bank. Hurun India and Axis Bank have included influential companies of the country in this list.

Talks are being held with Paytm

On this occasion, Group Executive of Axis Bank Arjun Chaudhary said that talks are being held with Paytm. However, this discussion was being held regarding general business. But, circumstances have changed after January 31. After this the tone of talks has changed. RBI has banned Paytm Payments Bank from taking any deposits from February 29. Due to this, there is a possibility of the company going out of business.

HDFC Bank has also expressed its desire

Recently, Parag Rao of HDFC Bank had expressed his desire to work together with Paytm Payments Bank. He had said that HDFC Bank is keeping an eye on all the changes. Talks are also being held with Paytm in this regard. He had told that after the decision of RBI, the number of customers on HDFC Bank's app is increasing rapidly.

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