ED probing Paytm and bank unit over currency transactions: Report
Mon, Feb 5, 2024 11:37 PM

ED probing Paytm and bank unit over currency transactions: Report

A Flip by Shubhangi Gupta
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India's financial fraud agency is looking into whether Paytm and its affiliate, Paytm Payments Bank, violated foreign exchange rules. They have not contacted the company yet and allegations are said to be unfounded. The Reserve Bank of India ordered the bank to wind down some operations by Feb. 29 but there were no previous reports of a government investigation.

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