Finance Ministry Penalizes Paytm Payments Bank with ₹5.49 Crore Fine for PMLA Lapses
Press Trust of Kashmir Reports The Finance Ministry’s Financial Intelligence Unit (FIU) has taken a stringent stance against Paytm Payments Bank, imposing a hefty fine of ₹5.49 crore for lapses in complying with the Prevention of Money Laundering Act (PMLA). This move comes as a significant development in the realm of financial regulation…