We give all enough time to comply: Das on Paytm
Mint Mumbai|February 09, 2024
The central bank on Thursday said it imposed restrictions on Paytm Payments Bank because of persistent noncompliance, insisting that it resorted to such measures only after prolonged engagement with the entities involved.
Shayan Ghosh
We give all enough time to comply: Das on Paytm

At the central bank's monetary policy briefing on Thursday, RBI governor Shaktikanta Das and his deputies faced several questions regarding the restrictions on Paytm Payments Bank, an associate company of One97 Communications Ltd.

Their responses were largely accompanied by a disclaimer that such decisions were applicable to all regulated entities, not specifically to Paytm Payments Bank.

"We give sufficient time to every regulated entity that is supervised by RBI to comply with the regulatory requirements... if everything had been complied with, why should we act?" Das said.

He emphasised that RBI supports innovation and technology in the financial sector.

هذه القصة مأخوذة من طبعة February 09, 2024 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة February 09, 2024 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من MINT MUMBAI مشاهدة الكل
Buying Online? Beware Of these deceptive patterns
Mint Mumbai

Buying Online? Beware Of these deceptive patterns

Deceptive prompts in apps—ways to coerce people into spending more time or money—are on the rise. Here's how to identify them

time-read
4 mins  |
November 27, 2024
As AI gets real, slow and steady wins the race
Mint Mumbai

As AI gets real, slow and steady wins the race

Companies head into 2025 with careful deliberation when it comes to using AI

time-read
2 mins  |
November 27, 2024
Why the Earth Is Not a Type 1 Technological Civilization
Mint Mumbai

Why the Earth Is Not a Type 1 Technological Civilization

According to one theory about how we harness energy, Type 1s have total control over planetary energy resources

time-read
4 mins  |
November 27, 2024
Mint Mumbai

Our legislative frameworks must adapt to the rise of AI

Probabilistic digital systems complicate guilt assignment but we'll need tight controls against major harms

time-read
4 mins  |
November 27, 2024
Take tax action for Viksit Bharat in the Union budget for 2025-26
Mint Mumbai

Take tax action for Viksit Bharat in the Union budget for 2025-26

The government could take major steps towards its worthy goal of a tax regime that's simple, predictable and competitive

time-read
4 mins  |
November 27, 2024
Trump's US mustn't repeat its profiling of Chinese scientists
Mint Mumbai

Trump's US mustn't repeat its profiling of Chinese scientists

Espionage suspicions could lead the US to lose its war for talent

time-read
3 mins  |
November 27, 2024
Mint Mumbai

The rise of Trump poses a paradox of higher education

An elitist college system seems to have deepened divisions in the US and this may hold lessons for India too

time-read
3 mins  |
November 27, 2024
There's a case for heavy taxes on MNC royalties
Mint Mumbai

There's a case for heavy taxes on MNC royalties

Royalty payments to MNCs by their local units have been rising-even going above dividend payouts in some cases. India needs shareholder vigilance and fiscal action to curb excesses

time-read
2 mins  |
November 27, 2024
Mint Mumbai

Financial frauds evolve fast but we can still safeguard ourselves

While technology has transformed how scamsters operate, reliable ways exist to dodge their traps

time-read
3 mins  |
November 27, 2024
Smart-beta funds: A guide to balancing your portfolio
Mint Mumbai

Smart-beta funds: A guide to balancing your portfolio

Tailor-made strategies will help you navigate the market cycles better and optimize returns

time-read
3 mins  |
November 27, 2024