RBI fines Rs 1 crore on Paytm Payment Bank

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The #ReserveBankofIndia has imposed a penalty of Rs 1 crore on #Paytm Payments Bank Ltd. for violating provisions of Payment and Settlement Systems Act 2007 and submitted information that did not reflect the factual position. It is an offence under Section 26 (2) of the Payments and Settlement Act.

RBI fines Rs 1 crore on Paytm Payment Bank.

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    The #ReserveBankofIndia has imposed a penalty of Rs 1 crore on #Paytm Payments Bank Ltd. for violating provisions of Payment and Settlement Systems Act 2007 and submitted information that did not reflect the factual position. It is an offence under Section 26 (2) of the Payments and Settlement Act.

    RBI fines Rs 1 crore on Paytm Payment Bank

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