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Friday, October 13, 2023

RBI fines Paytm Bank ₹5.4 crore over KYC lapses

The RBI has imposed a penalty of Rs 5.4 crore on Paytm Payments Bank for not complying with KYC directions and other guidelines pertaining to cybersecurity and payments banks. RBI had conducted a special scrutiny from a KYC/AML (anti-money laundering) perspective.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/btM69T0

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