RBI says no systemic worries, action on Paytm due to “persisted non-compliance”

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.


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