Paytm has announced it is terminating all inter-company agreements with its payments bank, Paytm Payments Bank, in order to reduce dependencies between the entities....
With the interests of Paytm Payments Bank clients in mind, the Reserve Bank of India made a significant judgement. Paytm and Paytm Payments Bank UPI users will gain if NPCI approves....
Banks were also encouraged to actively engage in RBI's fintech initiatives and bolster their Digital Banking Units (DBUs) to enhance digital banking services for customers....
M. Damodaran, the former chairman of SEBI, will lead the committee, which will provide strategic counsel to ensure compliance with regulatory standards....
The clampdown on Paytm by the RBI is expected to have significant repercussions, both for the company itself and its user base. This action raises questions about the regulatory environment in which fintech companies operate and underscores the importance of adherence to regulato...
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