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Paytm Bank board alerted by RBI on non-compliance
Credit: IndiaTimes- Published on February 9, 2024
RBI held discussions with Paytm Payments Bank before taking action. Two directors resigned. Paytm management is lobbying for the bank's survival. RBI follows a strategy of engaging with management and then the board before imposing restrictions. Monetary penalty imposed in October 2023. Governor Das listed supervisory strategy,...
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