Paytm bank: Startup founders write to FM, RBI Guv seeking review of Paytm action

The note, signed by startup founders including Policybazaar's Yashish Dahiya, Bharat Matrimonys Murugavel Janakiraman, Makemytrips Rajesh Magow and Ritesh Malik of Innov 8 said the RBI order would have a far-reaching impact on the ecosystem than just on Paytm as a company. The founders requested the regulator to reassess "the proportionality of restrictions".

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