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RBI has slapped a compounding order worth INR 18.8 Lakh on fintech major Paytm pertaining to alleged Foreign Exchange Management Act (FEMA) breach
In a filing with the exchanges, the company informed that it is in the process of making the payment for the compounding fee, pursuant to which the matter will be disposed off
Earlier, RBI had issued a separate compounding order worth INR 4.3 Lakh to Paytm for its investment in Nearby India
The Reserve Bank of India (RBI) has…
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RBI has slapped a compounding order worth INR 18.8 Lakh on fintech major Paytm pertaining to alleged Foreign Exchange Management Act (FEMA) breach
In a filing with the exchanges, the company informed that it is in the process of making the payment for the compounding fee, pursuant to which the matter will be disposed off
Earlier, RBI had issued a separate compounding order worth INR 4.3 Lakh to Paytm for its investment in Nearby India
The Reserve Bank of India (RBI) has…
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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