Das did not specify the shortcomings resulting in the RBI action, but made it clear that it is driven by a "lack of compliance" at Paytm
The ED had visited premises of the company and some other fintech firms in September 2022 for money laundering investigations against some of the me
Several investors and people who founded fintech entities have expressed concern that the central bank’s step might have been too harsh which might
Notably, Paytm is expected to comply with the orders, and expects a worse-case impact of anywhere between Rs 300-500 crores in EBTIDA.
The action against Paytm Payments Bank Ltd followed a comprehensive system audit report and subsequent compliance validation report of external audito
RBI said that fintech companies should set up a self-regulatory organisation which will work towards ensuring statutory and regulatory compliance for
Indians can now receive remittances from Singapore directly into their bank accounts on real-time basis through major UPI and bank apps, like SBI, Axi
Despite the many government welfare schemes available for domestic helps. they remain largely unaware, and hence, unable to benefit from it
Some of the expenditure typically channelised through this feature is paying for newspaper bills, cable TV subscriptions and sundry regular payments
In recent years, mutual funds have suffered huge losses by investing in IPOs of new age startups. After all, what is the game behind investing in suc