No foreign remittances licence, no Fema violation: Paytm to ED
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Paytm Payments Bank has denied Fema violation as it lacks licence for foreign remittances, said sources to ET. ED has written to RBI. The federal agency recently obtained the "additional" data requested from RBI regarding entities allegedly involved in Fema violations through Paytm Payments bank. However, upon reviewing the data provided by the RBI, the agency has not found any apparent Fema violations by Paytm Payments Bank, according to the sources.

#PaytmPaymentsBank #FemaViolations #Rbi #Ed

https://m.economictimes.com/industry/banking/finance/banking/no-foreign-remittances-licence-no-fema-violation-paytm-to-ed/articleshow/107991122.cms