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According to Vivek Joshi, secretary of the finance ministry s Department of Financial Services, Paytm must resolve the regulatory problems faced by its payments bank with the Reserve Bank of India.
Paytm crisis: The Reserve Bank of India (RBI) has been cracking down on financial entities in recent years, and the action taken against Paytm is in line with its regulatory processes. The RBI has previously taken disciplinary action against HDFC Bank, Bajaj Finance Limited, and Bank of Baroda for various non-compliance issues. The RBI s message is clear: any signs of stress or breach will invite scrutiny, and if corrective actions are not taken, regulatory restrictions will be imposed.
On Moneycontrol’s pre-budget panel discussion held on January 30, bankers and industry experts felt the growing dependence on the digital platform had made it necessary for banks to invest more on cyber security.
SAMHI Hotels is a branded hotel ownership and asset management platform. SAMHI Hotels has a portfolio of 4,801 keys across 31 operating hotels in 14 cities.