Paytm Receives SEBI Warning Over Unapproved Transactions With Paytm Payments Bank

Paytm received a warning from SEBI for transactions involving Paytm Payments Bank without regulatory approval. SEBI found that Paytm allowed certain customers to open bank accounts without adhering to required norms, raising concerns over regulatory compliance. This warning highlights regulatory scrutiny in fintech operations and underscores the importance of adherence to banking regulations to avoid penalties and reputational damage.