RBI cancels licence of Paytm Payments Bank, to seek winding up in court
RBI said the affairs of the Paytm Payments Bank were conducted in a manner detrimental to the interest of the bank and its depositors. It also said the general character of the management was preju...

Source: Wion
RBI said the affairs of the Paytm Payments Bank were conducted in a manner detrimental to the interest of the bank and its depositors. It also said the general character of the management was prejudicial to the interest of depositors and public interest.