Reserve Bank Governor Shaktikanta Das on Thursday said there are no systemic worries and the action on Paytm was driven by a “lack of compliance” at Paytm.
Deputy Governor Swaminathan J said the actions against the fintech have been taken due to “persisted non-compliance”.
The Governor declined to specify the specific shortcomings resulting in the RBI action, but made it clear that it is driven by a “lack of compliance” at Paytm.