Calling all the banking lawyers on LI to please explain why and what is happening? The notice is issued to Paytm Payments Bank and not for the Paytm App itself no?
This article doesn't talk much about why such a drastic action was taken against Paytm. It just feels like a naive rant against RBI. What does RBI regs stunting big tech cos' payment initiatives, got to do with Paytm's current situation.
Anyways I expected some law firmites working on the Paytm matter would spill some tea here.
Or they can just pay a lot of money to PM Cares and get off safe. It's a proven truth that in order to escape prosecution from any crime in India, you just need to join the BJP today. It's like instant confession and penance served all in one bouquet.
Now Paytm Payments Bank could even be shut down.
It shows importance of culture of compliance and hiring the right legal and compliance team.
Calling all the banking lawyers on LI to please explain why and what is happening? The notice is issued to Paytm Payments Bank and not for the Paytm App itself no?
Thank me later, and ofcourse Nikhil.
Anyways I expected some law firmites working on the Paytm matter would spill some tea here.