Paytm falls again as regulator weighs canceling Bank permit

Paytm’s stock fell for a third straight day as India’s central bank considers scrapping the license of Paytm Payments Bank Ltd., adding to the mounting troubles at the once-celebrated fintech startup. India’s banking regulator is weighing the removal of the permit after finding several lapses at Paytm Payments Bank including multiple transactions beyond regulatory limits, raising money-laundering concerns.

Feb 5, 2024 - 22:19
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Paytm falls again as regulator weighs canceling Bank permit
Paytm’s stock fell for a third straight day as India’s central bank considers scrapping the license of Paytm Payments Bank Ltd., adding to the mounting troubles at the once-celebrated fintech startup. India’s banking regulator is weighing the removal of the permit after finding several lapses at Paytm Payments Bank including multiple transactions beyond regulatory limits, raising money-laundering concerns.

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