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Earlier this year, Paytm received a show cause notice from the ED for violations of foreign exchange norms involving an aggregate transaction amount of INR 611.17 Cr
The fintech major has requested the ED to hold off on formal adjudication proceedings while the RBI reviews the application
The RBI has sole discretion to approve or reject a compounding application
Paytm parent One97 Communications has reportedly filed a compounding application with the Reserve Bank of…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Earlier this year, Paytm received a show cause notice from the ED for violations of foreign exchange norms involving an aggregate transaction amount of INR 611.17 Cr
The fintech major has requested the ED to hold off on formal adjudication proceedings while the RBI reviews the application
The RBI has sole discretion to approve or reject a compounding application
Paytm parent One97 Communications has reportedly filed a compounding application with the Reserve Bank of…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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