Paytm Payments Bank may face ED scrutiny over KYC-linked lapses
Saturday, 3 February 2024 The Enforcement Directorate is considering investigating allegations of KYC-related failures by Paytm Payments Bank, which were reported by the Reserve Bank of India a few months ago. These violations include the repeated use of the same PAN, lack of proper KYC procedures, and permitting transfers via pre-payment instruments without adequate verification, spanning over the past few years.
Discover the latest on India's financial landscape as Paytm faces a significant setback with a 20% plunge in its shares after RBI's regulatory actions on its payments bank. Join us for a deep dive into the implications for Paytm's future, market concerns, and the unfolding story of India's digital...
Paytm CEO Vijay Shekhar Sharma has resigned as non-executive chairman and board member of Paytm Payments Bank amid regulatory challenges faced by the digital payments giant.
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Catch the latest update as the Reserve Bank of India (RBI) grants Paytm a second chance, extending the deadline for halting transactions to March 15. Dive into the details of this development and its..
Saturday, 3 February 2024
![Paytm CEO Vijay Shekhar Sharma resigns amid regulatory challenges | Oneindia News [Video]](https://video.newsserve.net/300/v/20240227/1366933098-Paytm-CEO-Vijay-Shekhar-Sharma-resigns-amid-regulatory.jpg)
![RBI extends deadline for restrictions on Paytm Payments Bank Transactions till March 11 | Oneindia [Video]](https://video.newsserve.net/300/v/20240216/1365939428-RBI-extends-deadline-for-restrictions-on-Paytm-Payments.jpg)
