Paytm to set up advisory panel

One 97 Communications, Paytm's parent company, forms an advisory committee chaired by M Damodaran to enhance compliance. The move aims to strengthen corporate governance amidst RBI's curbs on Paytm Payments Bank. The panel includes banking veterans to address regulatory concerns. RBI's restrictions on the bank are seen as proportionate to the situation, with alleged KYC violations reported.

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