India, Feb. 13 -- Paytm's wealthtech subsidiary Paytm Money has paid a fine of INR 45.50 Lakh to settle a case with SEBI pertaining to alleged violations of norms for technical glitch framework.

In a settlement order, the markets regulator said it had issued a show-cause notice to Paytm Money for violating several provisions of the SEBI Act, 1992:

Not setting the permissible limit of 70% for generation of timely alerts for all critical assets

Not submitting the documentary evidence with respect to peak load observed for the inspection period

Not connecting all its critical systems with Logs Analytics and Monitoring Application and

Not conducting live DR drill for the first half of the fiscal year 2023-24 (H1 FY24)

"Pending adjudicat...