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The government, said Vivek Joshi, “has had nothing to do until now when it comes to the actions taken on Paytm. And we believe that the RBI must have taken the action in the overall interest of the consumer and the economy”.

The markets regulator has taken little by way of decisive action, with industry resistance and its own wait-and-watch approach getting in the way.
Falling revenue, mounting losses and stalled business lines make it increasingly hard for the payments bank to fund a costly lending buildout.
The region seems to be hyper-focused on boosting investor confidence in different markets; PIF’s new loan.