Paytm Bank Fined Over Rs 5 Crore For Violations Under Money Laundering Act
Paytm Payments Bank has been fined Rs 5.49 crore over alleged money laundering in the latest setback to the fintech, a month after the Reserved Bank of India (RBI) ordered it to stop accepting any fresh deposits in its accounts or wallets from February 29. That deadline was extended to March 15.
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Paytm Payments Bank has been fined Rs 5.49 crore over alleged money laundering in the latest setback to the fintech, a month after the Reserved Bank of India (RBI) ordered it to stop accepting any fresh deposits in its accounts or wallets from February 29. That deadline was extended to March 15.
