Financial Services Secretary Vivek Joshi clarified that the Reserve Bank of India (RBI) actions against Paytm fall under the RBI's jurisdiction, distancing the government from involvement. The RBI imposed restrictions on Paytm Payments Bank Ltd (PPBL), prompting concerns about financial stability. Joshi addressed FDI scrutiny and reassured customers about PPBL's size relative to systemic stability. Paytm founder's meeting with the Finance Minister and compliance issues at PPBL highlight the importance of regulatory oversight in the financial sector.
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