Shock and awe: Founders decry RBI action against Paytm

The Reserve Bank of India's decision to prohibit Paytm's vertical Paytm Payments Bank from offering all forms of banking services within a month has sent shockwaves through the Indian fintech landscape. Numerous industry executives have expressed their concerns, including Ashneer Grover, cofounder of BharatPe, who called for the finance minister and the prime minister of India to intervene.
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