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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The RBI’s unusually harsh order raises deeper questions about management credibility—and whether investors should take assurances at face value.
Words were not minced. Last week, when the Reserve Bank of India cancelled Paytm Payments Bank’s licence, it said, “The Reserve Bank cancelled the licence of the Paytm Payments Bank Limited (PPBL) as: (i) The affairs of the bank were conducted in a manner detrimental to the interest of the bank and its depositors. (ii) The general character of the management of the bank is prejudicial to the interest of depositors as also the public interest. (iii) No useful purpose or public interest would be served by allowing the bank to continue. (iv)The bank failed to comply with the …
