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The RBI’s restrictions on Paytm Payments Bank’s operations seem to be because of serious compliance failures. What was its board full of banking and policy veterans doing?
The RBI’s unusually harsh order raises deeper questions about management credibility—and whether investors should take assurances at face value.
The beleaguered lender outperformed larger rivals—and itself—on several metrics in FY26, but one-offs and a still weak retail engine keep its investors on edge.
The regulator’s proposals to introduce checks and safety features in instant payments, if implemented, may end up testing banks.