The highways authority has named nine banks that will facilitate payments at the 247 toll stations where the ‘acquirer’ is Paytm Payments Bank, the entity that was barred from accepting deposits in a regulatory clampdown last month, people aware of the development said.
Axis Bank, HDFC Bank, ICICI Bank, IDBI Bank, IDFC First Bank and Kotak Mahindra Bank are among the nine banks that have been authorised by Indian Highways Management Company Ltd-under National Highways Authority of India (NHAI)–and are being considered for rollover from Paytm Payments Bank, the people cited earlier told ET.
