Paytm Payments Bank may face ED scrutiny over KYC-linked lapses

The Enforcement Directorate is considering investigating allegations of KYC-related failures by Paytm Payments Bank, which were reported by the Reserve Bank of India a few months ago. These violations include the repeated use of the same PAN, lack of proper KYC procedures, and permitting transfers via pre-payment instruments without adequate verification, spanning over the past few years.
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