Last month, RBI shocked investors by halting most operations of Paytm's banking sector, a leading fintech company. This action followed Paytm's extreme oversight in customer verification processes, notably using a single identity document to create numerous accounts. This incident reflects the increasing frustration of Indian regulators with the financial industry's compliance failures.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GY5BZ3t
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