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In a significant move, India's central bank has directed Paytm Payments Bank, a major player in the country's digital payments landscape, to suspend a substantial portion of its business operations. The decision, coming from Indian regulators, is rooted in concerns over persistent non-compliance by the financial institution.
In Mumbai, Rebecca Bundhun says Indian regulators cited persistent non-compliance.
The halt on Paytm Payments Bank's operations raises questions about the regulatory environment in India's rapidly evolving digital payments sector. The central bank's intervention underscores the importance of adherence to compliance standards and regulatory. . .
