Tag: imposes

  • RBI imposes Rs 5.39 cr penalty on Paytm Payments Bank for KYC norms violation

    In a regulatory twist that’s sending shockwaves through India’s fintech universe, the Reserve Bank of India (RBI) has slapped Paytm Payments Bank with a hefty monetary penalty of Rs 5.39 crore. This financial smackdown wasn’t delivered lightly; it’s a result of Paytm’s failure to comply with essential Know Your Customer (KYC) norms and other critical…