Question
Which payment bank encountered limitations from the
Reserve Bank of India due to "Violation of regulatory standards and failure to comply"?Solution
RBI restricted the operations of Paytm Payments Bank post February 29, 2024. The Reserve Bank of India (RBI) has clarified its recent actions against Paytm Payments Bank, stating that the crackdown was a result of the bank's failure to comply with regulations despite repeated warnings.
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