Paytm News Today | Reserve Bank Of India’s Crackdown on Paytm Payments Bank | N18V | News18

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Paytm News Today | Reserve Bank Of India’s Crackdown on Paytm Payments Bank | N18V | News18 Paytm News Today | Reserve Bank Of India’s Crackdown on Paytm Payments Bank | N18V | News18 Reserve Bank of India had found 31 crore out of 35 crore Paytm Wallets inoperative in its inspection, cases where a single PAN card was linked to thousands of accounts, absence of KYC for lakhs of accounts and violation of KYC-anti money laundering rules, instances of false compliance reports being submitted by the bank, PPBL’s financial and non-financial business co-mingled with its promoter group companies in violation of licensing conditions, and many other red flags, which pushed the regulator to put stringent curbs on the bank, bringing its operations to a standstill.
 
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