Friday, 24 March, 2023
Paytm Payments Bank fined by RBI for sharing data with Chinese entity: Report
<p>The RBI stopped Paytm Payments Bank from adding new customers on March 11 because it allowed data to flow to servers outside of India in violation of Indian regulations and failed to properly authenticate its customers, said reports. According to the source, the RBI's annual inspections discovered that the company's servers were sharing information with China-based organisations that indirectly held a part in Paytm Payments Bank.</p>
Read full story at The Economic Times
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