What Lessons Can Be Learnt from Paytm’s Troubles? How Will This Impact You & Mutual Fund Industry?
Compliance holds key to maintaining integrity of any company. The recent Paytm Payments Bank’s debacle is a perfect example of how a company failed to adhere to the guidelines of the Reserve Bank of India (RBI), particularly, the KYC procedures. Despite repeated warnings, the bank failed to take necessary steps. While the RBI has not …