Indian central bank defends ‘proportionate’ action on Paytm

This post is by Manish Singh from TechCrunch

India’s central bank said Thursday it takes supervisory actions and imposes business restrictions only after “persistent non-compliance” with rules, its first comment after a clampdown on Paytm last week has posed existential questions about the future of the leading financial services firm. Shaktikanta Das, the Reserve Bank of India governor, said the central bank always […] © 2024 TechCrunch. All rights reserved. For personal use only.