Paytm Payments Bank loses its licence in RBI crackdown
Mumbai, April 25 -- The Reserve Bank of India (RBI) on Friday announced the cancellation of banking licence issued to Paytm Payments Bank for non-compliance with norms, saying the affairs of the bank were conducted in a manner detrimental to the interest of its depositors. "... no useful purpose or public interest would be served by allowing the bank to continue...," RBI said. P16...
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