Paytm to Pay Rs 18.76 Lakh After RBI Compounding Fine – Regulatory Update
Because of violations of the Foreign Exchange Management Act (FEMA) connected to specific investments in one of its companies, the Reserve Bank of India (RBI) has assessed a compounding fine of Rs 18.76 lakh to the fintech giant Paytm. RBI Imposes FEMA Compounding Fine on Paytm Paytm stated that the compounding was done as a … Read more