Tag: One97 Communications

Paytm Payments Bank, a branch of the leading Indian fintech giant Paytm, finds itself in the throes of regulatory scrutiny as a case under the Foreign Exchange Management Act (FEMA) has been initiated against it. This development comes amidst allegations of violations related to foreign exchange rules, marking yet another hurdle for Paytm in a series of regulatory challenges. Paytm is part of the public-listed Indian fintech group One97 Communications Ltd.