RBI imposes ₹1 crore penalty on Paytm Payments Bank
The Reserve Bank of India has imposed a penalty of 1 crore on Paytm Payments Bank for violating provisions of Payment and Settlement Systems Act 2007 and ₹27.78 lakh on Western Union Financial Services for non-compliance with certain directions. The central bank noted that Paytm payments bank’s application seeking the issue of the final certificate of authorization did not reflect its factual […]
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