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.
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Bengal: TMC worker killed in 'factional fighting'
Kolkata (PTI): A Trinamool Congress worker was killed in Baguiati area adjoining Kolkata allegedly in a clash between two factions of the party, police said on Sunday.
A confrontation took place in Arjunpur West Para in Baguiati on Saturday night, escalating into brick-batting by both sides, in which one person, identified as Sanjeev Das aka Potla, was severely injured and was taken to a hospital, where doctors declared him brought dead, a police officer said.
Eleven cases, including those related to the Arms Act, were earlier registered against Das, she said.
A total of 13 people have been arrested in connection with the incident, the officer said, adding further investigation is underway.
The deceased's family members alleged that TMC workers owing allegiance to the local councilor were behind the incident.
They claimed that Das was beaten with rods after being injured in brick-batting.
Meanwhile, a woman BJP leader lodged a police complaint alleging that she was assaulted by TMC workers in Anandapur area in south Kolkata on Saturday.
She claimed that she was attacked with sharp weapons when she and her party workers were putting up election banners and festoons, causing severe injuries to her head.
Voting will be held in the constituencies in Kolkata and its surrounding areas in the last phase on June 1.
