SBI partners with Sharma's Paytm for its UPI business: Report

RBI has placed business restrictions on Paytm Payments Bank, setting a deadline that bars it operating beyond March 15. The stringent action has led Paytm's parent to seek new partnerships for its UPI business. SBI is now reported to be among four major banks, including Yes Bank, Axis Bank, and HDFC Bank, that will support Paytm's consumer-facing UPI payments.