
PayTM, 31st Jan
Can someone explain what just happened to PayTM and if other FinTechs could be subject to something similar?
The show cause notice now about misrepresentation of facts. Not sure if they really made so many mistakes, or are being stopped from becoming something for other reasons.
Dude it's a lala company all over. Remember how Indians pee on walls where it's written do not piss. The same Indians are running the company. No regards whatsoever for rules and regulations
U putting stone in your own plate. Work for paytm talk about Paytm.....
Can someone explain what just happened to PayTM and if other FinTechs could be subject to something similar?
Any basic tech and internal audit can identify these lapses outright, there seems to be more to uncover.
Paytm is becoming the Enron of India with so many allegations of fraud and compliance issues.
RBI is a big bully, everybody knows that. RBI has bullied the likes of HDFC, ICICI and a lot of fintech startups. All it wants is that these folks are compliant with the rules.
RBI is one of the most stringent Central banks in the world...