RBI Governor Shaktikanta Das has stated there is hardly any room for review of actions taken against Paytm Payments Bank, following a comprehensive assessment. This announcement was made in the context of the RBI's regulatory actions against the bank. Additionally, during the RBI Central Board Meeting in New Delhi, chaired by Das and attended by Finance Minister Nirmala Sitharaman, the RBI's stringent measures against fintech companies were discussed. Specifically, the RBI has asked Visa and Mastercard to stop transactions of vendor payments for companies offering commercial/corporate cards. Moreover, the Enforcement Directorate (ED) is probing charges against Paytm Payments Bank and seeks details of overseas transactions.
ED seeks overseas transaction details from #Paytm Payments Bank https://t.co/sqBLaW5YSF
India agency seeks overseas transaction details from Paytm Payments Bank, sources say https://t.co/gh3bou5Mkg https://t.co/gDequqwpir
Charges Against Paytm Payments Bank To Be Probed By Enforcement Directorate https://t.co/CFJklOOwF9 https://t.co/IeTzhTGmrq
#Exclusive After Paytm Payments Bank and a set of lending companies, Reserve Bank of India has now come hard on fintechs offering commercial/corporate cards. According to three sources, RBI has asked Visa and Mastercard to stop transactions of vendor payments. While there has…
No Review Of Regulatory Action On Paytm Payments Bank, Says RBI Chief https://t.co/OMh5yq8LVw https://t.co/RzfdLDzaph
RBI Central Board Meeting Held in New Delhi, Chaired by Governor Shaktikanta Das and Attended by Finance Minister Nirmala Sitharaman https://t.co/OQyyxSbhlK
Hardly any room for review of action taken against @PaytmBank: @RBI Guv @DasShaktikanta Das said that RBI takes action against regulated entities only after a comprehensive assessment https://t.co/dEEjAALuFL
#PaytmPaymentsBank crisis | RBI Governor Shaktikanta Das makes big statement on scope to review action https://t.co/6kR2seYV7H