As per the FIU order, Paytm Payments Bank had failed to put in place an internal mechanism to detect and report suspicious transactions as stipulated under the anti-money laundering law.

On January 31, the Reserve Bank of India (RBI) imposed major business restrictions on Paytm Payments Bank Ltd (PPBL), including a bar on accepting fresh deposits and credit transactions after ...

New Delhi: Nakul Jain has stepped down as Managing Director and Chief Executive Officer of Paytm Payments Services Ltd (PPSL), as the fintech company continues to await approval from the Reserve ...

Paytm originally failed regulatory approval in November 2022 ... PPSL maintains its service execution as a payment aggregator for its present online merchant base even though regulatory approval ...

The case involved alleged lapses by Paytm Money in adhering to SEBI’s technology infrastructure and risk management norms ...