Paytm Crackdown Signals More RBI Scrutiny on India Banks
For Indian regulators seeking to crack down on potential fraud in the financial sector, Paytm may just be the beginning. India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank Group. While the Paytm case …
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