Paytm Bank Lesson for RBI

The financial meltdown of a digital payments pioneer has shown India’s world-leading fintech sector for the adolescent it is. Hungry for growth, but dismissive of process. It has also raised questions about the central bank’s regulatory actions.

Last week, a Reserve Bank of India order all but shut down the operations of Paytm Payments Bank, serving a body blow to the deeply-interlinked payments business of parent Paytm.

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