Paytm receives SEBI warning for unapproved transactions worth ₹3.6bn with Payments Bank.
Paytm received an administrative warning from India's Securities Exchange Board of India (SEBI) over unapproved transactions worth ₹3.6 billion ($38.8 million) with its now-defunct Payments Bank unit in FY2021-22. SEBI warned Paytm to be more cautious in the future and avoid similar violations, threatening enforcement action if necessary. Paytm stated that it has strictly followed all regulatory and compliance standards and will submit a detailed explanation.
July 16, 2024
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