No law agency probe into Paytm as of now, says revenue secretary
Mon, Feb 5, 2024 3:00 PM

No law agency probe into Paytm as of now, says revenue secretary

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Law enforcement agencies will investigate Paytm if necessary, but currently there are no actions being taken against the company. The Reserve Bank of India has directed Paytm's payments bank to stop accepting fresh deposits and make credit transactions after February 29 due to non-compliance and supervisory concerns. There are also reports that the RBI may cancel the bank's license.

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