1000 users linked the same PAN number and conducted transactions worth crores and Paytm Payments Bank AML and compliance teams were sleeping.
No court is likely to give relief to an entity that has anti-money laundering charges against it by no one less than the RBI (note - ED, DRI hota to bhi ek minute ke liye, socha jaa sakta tha).
Why RBI lost patience with Paytm Payments Bank: Anti-money laundering lapses, related party transactions
Make profit using our bank nifty tips on a daily basis.
These are serious mis-steps & RBI is unlikely to have taken such a drastic measure without thinking through the possible fall-outs including legal recourse that PayTM would take.
Our suggestion is don't play with
This is a big game and in the *current bull market, there are many options to make money than wait to see which side does the camel turn.
