Some auditors have complained to the Reserve Bank of India (RBI) that the heads of the company are acting negligently on the KYC of the customers in Paytmbank and that the data of the customers is not secure.
Paytm Crisis: Popular online app Paytm has recently become a hot topic of discussion. It is known that after some auditors complained to the RBI that there were some irregularities in this bank, orders were issued to stop the money transaction from February 29. In this background, the head of Paytm's parent company, One Plus 97, Vijay Sharma is trying hard to get rid of this problem. Recently he met Finance Minister Nirmala Sitharaman. On this occasion Union Finance Minister Nirmala Sitharaman decided to intervene in the case of Paytm. It is advised to contact RBI itself in this matter and solve the problem there.
Some auditors have complained to the Reserve Bank of India (RBI) that the heads of the company are acting negligently on the KYC of customers in Paytmbank, and there is no security of customer data in it. Responding to this complaint, RBI imposed restrictions on Paytm financial transactions from February 29. Since then it has issued orders without possibility of payment of money transaction, credit card and other bills.
In this background, the CEO of the company, Vijay Sharma, is trying hard to get out of the difficulties of Paytm. As a part of this, he recently contacted Reliance chief Mukesh Ambani's Jio Financial and held discussions. With this, there were reports that Jio Financial is going to buy Paytm. On the other hand, in the wake of restrictions imposed on Paytm, its shares fell drastically. But there was some improvement on February 6. It was thought that this would save Paytm from its troubles.
Vijay Sharma met Union Finance Minister Nirmala Sitharaman on Wednesday, raising hopes once again. But the finance minister said that he did not intervene in the Paytm matter and it became a topic of discussion once again.