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India weighs more penalties on Paytm, including revoking payments bank license
The Reserve Bank of India is discussing more penalties on Paytm Payments Bank and may reach a decision within days, two sources familiar with the matter
RBI didn’t respond to a request for comment early Thursday. The discussion follows the central bank summoning two Paytm officials to its office in recent weeks over compliance progress, one of the sources said. In one of its strongest worded letters, the RBI on Wednesday ordered new curbs on Paytm Payments Bank, virtually ensuring that the Payments Bank no longer operates in less than six weeks.
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