Watch | Paytm Payment Bank’s debacle: a reckoning for India’s fintech sector
It has dominated enterprise information cycles for the previous month now, and the story is way from over. The Reserve Bank of India lately barred Paytm Payments Bank from enterprise any routine exercise together with accepting deposits or credit score transactions or pockets top-ups to pay month-to-month payments or FASTag.
This has triggered concern throughout the fintech sector, however the central financial institution’s January thirty first directive got here after what it referred to as have been “persistent non-compliances” by the funds financial institution affiliate of One97 Communications and “continued material supervisory concerns”.
So what went incorrect at certainly one of India’s poster youngsters for furthering monetary inclusivity?
To perceive RBI’s considerations, and extra on PayTM’s rise and fall, we additionally spoke to Indrajit Gupta, a veteran enterprise journalist and founding father of the web site Foundingfuel.
Script and presentation: Kunal Shankar
Videography: Thamodharan B.
Interview: Saptaparno Ghosh
Production: Shikha Kumari
