Action on Paytm because of 'persistent non-compliance': RBI

RBI indicated ongoing issues beyond KYC compliance with Paytm Payments Bank, with restrictions unlikely to be lifted. The regulator clarified the ban applies to PPBL and the digital wallet but not the UPI app. RBI emphasized bilateral engagement and corrective actions before resorting to business restrictions, highlighting the importance of consumer protection and systemic stability.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fglQU0h

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