The RBI informed that on examination of Paytm Payments Bank Limited's application for issue of final Certificate of Authorisation (CoA), it was observed that PPBL had submitted information that did not reflect the factual position.
source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-fines-paytm-payments-bank-western-union/articleshow/87166420.cms
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