India’s central bank slaps major curbs on Paytm Payments Bank over supervisory concerns

The Reserve Bank of India issued new strict curbs on Paytm’s Payments Bank, which processes transactions for financial services giant Paytm, barring it from offering many banking services including accepting fresh deposits and credit transactions across its services.  Wednesday’s move, which goes into effect February 29, follows the Indian central bank ordering Paytm Payments Bank to […]

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