RBI's Paytm freeze shows faulty understanding
Tue, Feb 6, 2024 1:08 PM

RBI's Paytm freeze shows faulty understanding

A Flip by Avya Verma
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When the Indian monetary authority began giving out restricted banking licenses to a new category of payment facilitators about eight years ago, it should have spared a thought to their orderly resolution — just in case it had to shutter any of them. As the deepening crisis at Paytm Payments Bank Ltd. shows, the regulator didn’t do its homework.

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