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India Froze Paytm Bank After Years of Warnings About Data Flows

(Bloomberg) India’s banking regulator stunned the finance and tech industries by abruptly suspending much of digital giant Paytm’s business late Wednesday. But the surprise move came only after the watchdog had warned the fintech pioneer repeatedly in the past two years about questionable dealings between its popular payments app and its lesser-known banking arm.Most Read from BloombergTrump Risks Losing More Than Half of Swing-State Voters If Found GuiltyHouse Passes $78 Billion Business, Ch

India freezes Paytm bank after years of warnings about data flows

India Freezes Paytm Bank After Years of Warnings About Data Flows | India Business News

India Business News: Read about the Reserve Bank of India's decision to freeze Paytm bank due to concerns about data flows and non-compliance. Find out the implications for Paytm and its customers.

rbi paytm payments bank warnings: RBI froze Paytm Payments Bank after years of warnings about data flows

A technical audit by the Reserve Bank of India found money and data traffic flows between the tightly regulated Paytm Payments Bank Ltd. and the rest of the Paytm universe that created accounting and supervisory problems, according to people familiar with the matter.

Kyodo News Digest: Jan 3, 2024 -2- -January 03, 2024 at 01:08 am EST

Kyodo News Digest: Jan 3, 2024 -2- -January 03, 2024 at 01:08 am EST
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