GS SCORE- RBI’s Monetary Policy Committee Takeaway
The Reserve Bank of India (RBI) has placed restrictions on Paytm Payments Bank, preventing it from accepting new deposits and conducting certain transactions due to issues with non-KYC compliant accounts and concerns over potential money laundering. This move raises significant questions regarding regulatory oversight and the impact on users and competition within India's digital payment ecosystem. For more detailed information, you can read the full article relevant for GS Paper-3(Economy) from our website.
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