Payments
RBI Imposes ₹5.39 Crore Penalty on Paytm Payments Bank for Violating Norms
| Oct. 13, 2023, 12:01 p.m.
RBI Imposes ₹5.39 Crore Penalty on Paytm Payments Bank for Violating Norms
The Reserve Bank of India (RBI) has imposed a penalty of ₹5.39 crore on Paytm Payments Bank for breaching a series of financial norms. This action underscores the central bank's commitment to enforcing regulatory compliance in the financial sector.
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