Paytm Payments Bank crisis: What RBI Governor said?
Thu, Feb 8, 2024 2:59 PM

Paytm Payments Bank crisis: What RBI Governor said?

A Flip by Shubhangi Gupta
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In summary, RBI Governor Shaktikanta Das stated that they have been engaged with Paytm Payments Bank for some time and the restrictions imposed on them were a supervisory action due to non-compliance. He also emphasized that such actions are proportionate to the gravity of the situation and in the best interest of systemic stability.

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