RBI Governor Shaktikanta Das emphasizes support for Fintech while clarifying the action against Paytm Payments Bank (PPBL) as a response to non-compliance. He stresses the necessity of regulatory adherence using an analogy of owning a Ferrari but obeying traffic rules. Das confirms the March 15 deadline for PPBL wallet linkage and expects NPCI to decide on the Paytm payment app license soon.
from Banking/Finance-Industry-Economic Times https://ift.tt/olvR3k8
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