RBI Governor says hardly any room to review action taken against Paytm Payments Bank
New Delhi (PTI): Reserve Bank of India Governor Shaktikanta Das on Monday said there was "hardly any room" to review the action taken against Paytm Payments Bank.
In a major action against Paytm Payments Bank (PPBL), RBI, on January 31, directed it to stop accepting deposits or top-ups in any customer accounts, wallets, FASTTags and other instruments after February 29.
Talking to reporters in the national capital on Monday, Das said there was "hardly any room" to review the action taken against Paytm Payments Bank.
He also said that RBI takes action against regulated entities only after a comprehensive assessment.
While emphasising that RBI is supportive of the fintech sector, Das said it is also committed to protect the interest of customers as well as ensure financial stability.
The central bank is expected to soon issue a set of FAQs (Frequently Asked Questions) on the Paytm matter.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
'Run Rahul run': BJP takes dig as Congress leader fielded from Rae Bareli in LS polls
New Delhi(PTI): The BJP took a swipe at Congress leader Rahul Gandhi on Friday, saying he is contesting the ongoing Lok Sabha polls from Rae Bareli in Uttar Pradesh, in addition to Wayanad in Kerala, as he is going to lose the contest in the southern state.
"Bhag Rahul bhag, Rahul bhag, Rahul bhag (run Rahul run) -- this is what will go on now," Dushyant Kumar Gautam, the national general secretary of the ruling Bharatiya Janata Party (BJP), told a press conference at the party headquarters here when asked about Gandhi contesting the polls from Rae Bareli.
When pointed out that Prime Minister Narendra Modi has told the former Congress chief not to run out of fear, Gautam quipped, "Well, he (Gandhi) is a kid. He should be encouraged."
"But people have rejected him," he added.
The BJP leader accused Gandhi of "betraying" the people of Wayanad by deciding to contest the ongoing election from Rae Bareli as well.
"He has come to Rae Bareli (to contest the polls) instead of Amethi because he is losing from Wayanad," he claimed.
Rahul Gandhi on Friday filed his nomination papers from Rae Bareli, a constituency represented in the Lok Sabha by his mother Sonia Gandhi for the last two decades.
