RBI says action on Paytm due to non-compliance

RBI: Action on Paytm over non-compliance PTI Mid-Day Mumbai By Sanjana Deshpande Published Feb 08, 2024 [{ "selector": ".imaoe-a", "duration": "1000ms", "fill": "forwards", "keyframes": [ {"offset": 0, "transform": "translateX(-309px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

RBI Governor assured there were no systemic concerns and attributed action on Paytm to compliance issues. [{ "selector": ".imaoe-a", "duration": "1000ms", "fill": "forwards", "keyframes": [ {"offset": 0, "transform": "translateX(-309px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

Deputy Governor Swaminathan J said that the firm had been persistently non-compliant and that was the reason behind actions against Paytm. [{ "selector": ".imaoe-a", "duration": "1000ms", "fill": "forwards", "keyframes": [ {"offset": 0, "transform": "translateX(-309px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

Governor Shaktikanta Das declined to specify the specific issues which warranted the RBI`s action against Paytm. [{ "selector": ".imaoe-a", "duration": "1000ms", "fill": "forwards", "keyframes": [ {"offset": 0, "transform": "translateX(-309px)", "opacity": "1"}, {"offset": 1, "transform": "translateX(0)", "opacity": "1"} ] }]

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