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.

Esta historia es de la edición February 09, 2024 de Mint Mumbai.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición February 09, 2024 de Mint Mumbai.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE MINT MUMBAIVer todo
Mint Mumbai

Premium the watchword for SBI as Q2 profits surge

Chairman says the bank will compete on quality of service, not on deposit rates

time-read
3 minutos  |
November 09, 2024
India eyes grants, loans for Global South at COP29
Mint Mumbai

India eyes grants, loans for Global South at COP29

India plans to leverage its climate commitments to pitch for grants and concessional loans, instead of investments for the Global South, at the upcoming climate negotiations in Baku, two people aware of the matter said.

time-read
2 minutos  |
November 09, 2024
Tata Steel's Q2 show weighed down by slow Europe revival
Mint Mumbai

Tata Steel's Q2 show weighed down by slow Europe revival

The September quarter (Q2FY25) earnings of Tata Steel Ltd had its share of positives even as European operations remain a drag.

time-read
2 minutos  |
November 09, 2024
Spectre of fall in revenue nixes telecom levy cut
Mint Mumbai

Spectre of fall in revenue nixes telecom levy cut

Indian telecom service providers' hopes to get relief from levies on adjusted gross revenue (AGR) might get dashed on the Union finance ministry's revenue concerns, according to two senior officials close to the discussions.

time-read
3 minutos  |
November 09, 2024
Zomato, Swiggy face CCI heat on antitrust violation
Mint Mumbai

Zomato, Swiggy face CCI heat on antitrust violation

An investigation by India's antitrust body found food delivery giants Zomato and SoftBank-backed Swiggy breached competition laws, with their business practices favouring select restaurants listed on their platforms, documents show.

time-read
2 minutos  |
November 09, 2024
Trump enters just as the Fed is shifting its focus
Mint Mumbai

Trump enters just as the Fed is shifting its focus

With its second consecutive interest-rate cut this year, the Federal Reserve is attempting to boost the odds of a soft landing.

time-read
4 minutos  |
November 09, 2024
Regulator gets staff to enforce drug quality
Mint Mumbai

Regulator gets staff to enforce drug quality

The govt is planning to fill 250 new positions to strengthen enforcement

time-read
2 minutos  |
November 09, 2024
Mint Mumbai

Govt unveils scheme for meditech industry

The government on Friday launched a scheme aimed at strengthening the medical devices industry with an initial outlay of ₹500 crore for three years 2024-2025 to 2026-27.

time-read
1 min  |
November 09, 2024
Mint Mumbai

RATAN TATA MADE INDIA A BETTER, KINDER PLACE

Shri Ratan Tata's support for the Swachh Bharat Mission was close to my heart

time-read
3 minutos  |
November 09, 2024
Ministry cancels allocation of coal block to JSW Steel
Mint Mumbai

Ministry cancels allocation of coal block to JSW Steel

The Union coal ministry has annulled the allocation of the Banai-Bhalumunda coal block in Chhattisgarh to Sajjan Jindal-led JSW Steel over the non-payment of a performance bank guarantee worth about ₹1,000 crore.

time-read
1 min  |
November 09, 2024