The companys comments come after RBI governor Shaktikanta Das said that the regulator has given sufficient time to regulated entities such as Paytm Payments Bank, before any action is initiated. RBI deputy Governor Swaminathan Janakiraman on Thursday said that the action against Paytm is regulatory/supervisory.
MPC holds rates as inflation target yet to be achieved - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
India Business News: Read about the action taken by RBI on Paytm for persistent non-compliance. Find out the impact on Paytm Payments Bank and the future of the UPI app.
The Deputy Governor also cautioned banks on interest rate risks of their books since a reversal in the interest rate cycle could put pressure on their margins and profitability.