The Reserve Bank of India (RBI) defended its action against Paytm Payments Bank, citing "persistent non-compliance" and violations of regulations, including those related to know-your-customer (KYC) documents. The central bank emphasized the importance of compliance for systemic stability and depositors' protection. RBI officials clarified that regulatory engagement preceded the action, and the forthcoming FAQ will address queries on the Paytm issue. Read The Rest at :
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