RBI action on Paytm Payments Bank has drawn fintechs' attention to compliance of laws: Chandrasekhar

Union Minister Rajeev Chandrasekhar emphasized the importance of regulatory compliance for fintech firms in light of the Paytm Payments Bank (PPBL) crisis. While addressing the PPBL issue, he noted that the Reserve Bank of India's action has drawn attention to the necessity of complying with regulations in the fintech industry, emphasizing that no company can escape consequences if non-compliant with the law.
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