If RBI approves, Axis Bank is eager to collaborate with Paytm. Amitabh Chaudhry

Amitabh Chaudhry, the chief executive officer and managing director of Axis Bank, stated on Monday that the private lender is willing to collaborate with Paytm provided the Reserve Bank of India (RBI) approves.

At the Axis Bank's "2023 Burgundy Private Hurun India 500" launch, Chaudhry stated, "Subject to regulatory approval and if the regulator allows us to work with Paytm, of course we will work with them, they are an important player."
Chaudhry made his remarks on the same day that RBI Governor Shaktikanta Das declared that the central bank's choices are well-considered and that there would be no review of its action against Paytm Payments Bank Ltd (PPBL).
He stated that while the RBI is not opposed to fintech, safeguarding the interests of depositors and consumers is its main goal. Das noted that the RBI consistently supports the fintech industry and that the bank works to assure the industry's quick expansion.
After the 606th meeting of the Reserve Bank of India's Central Board of Directors, Das made a strong statement to the public, saying, "Let me declare very clearly that there is no revision of this (PPBL) decision at this time. Let me state very clearly that there will not be a review of the decision, if that is what you were hoping for."

"Decisions are not taken in a casual manner," Das continued. In the public interest, decisions are made with the utmost seriousness. This is what I want to draw attention to.
The central bank took a significant step against PPBL on January 31 when it ordered the company to cease taking deposits or top-ups in any client accounts, wallets, FASTags, or other instruments after February 29.