RBI Governor clarifies Paytm Payments Bank restrictions target regulated entities, not the entire Fintech sector.

The Reserve Bank of India (RBI) has not taken a negative stance against fintech companies. The recent restrictions placed on Paytm Payments Bank are aimed at regulated entities, not the whole sector, according to RBI Governor Shaktikanta Das. The central bank's actions are aimed at preventing financial mishaps and deepening supervision in India's financial sector while supporting the growth of the Fintech industry.