Wednesday, 31 January 2024

India’s central bank slaps major penalties against Paytm’s Payments Bank over noncompliance

The Reserve Bank of India has directed Paytm’s Payments Bank to cease deposits, credit transactions and top-ups in customer accounts, prepaid instruments and wallets after February 29 in new strict penalties after the central bank found the firm to be in non-compliance with an earlier embargo. Wednesday’s move follows the Indian central bank ordering Paytm Payments […]

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