Paytm Payments Bank fined ₹5.49 crore for tax evasion: Finance Ministry

The heavy fine came after the audit of Paytm Payments Bank tasks in light of the particular data from policing

Portions of India's Paytm plunged on February 1, 2024 after the financial controller requested that its installments bank quit tolerating new stores, a significant blow for the versatile installments goliath (AFP)

Financial Intelligence Unit-India forced ₹5.49 crore punishment on Paytm Payments Bank for disregarding the commitments under the Avoidance of Tax evasion Act (PMLA). The weighty fine came after the survey of Paytm Payments Bank tasks in view of the particular data from policing, the Service of Money said in a delivery on Friday.