1st Time In 20 Years, RBI Can Cancel A Bank’s License: Paytm Payments Bank

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9 months ago

The Reserve Bank of India (RBI) is considering an unprecedented move to revoke the banking licence of Paytm Payments Bank ahead of its scheduled winding down operations on March 15th. If it proceeds, this would mark the first time in over 20 years that the RBI has cancelled a bank’s licence. Persistent Non-Compliance Drives Expected […]

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