ED likely to initiate preliminary probe against Paytm Payments Bank
Wed, Feb 14, 2024 7:46 PM

ED likely to initiate preliminary probe against Paytm Payments Bank

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"Enforcement Directorate to investigate Paytm Payments Bank over allegations of fund siphoning. Paytm denies any wrongdoing and assures compliance with regulations. Stock falls further amid ongoing crisis for parent company One97 Communications, following RBI restrictions on PPBL. RBI directs PPBL to stop accepting deposits and credit transactions after February 29.

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