Why is RBI so cranky about fintech firms after Paytm crisis?
![](https://kv1nsbvizag.org/wp-content/uploads/2024/02/rbi_1708619877519_1708619877773-768x432.jpg)
First, Paytm was asked to freeze its banking business, a crackdown so severe that India’s pioneering digital payments firm bled out nearly 60% of its market value in two weeks. Then came the regulatory diktat to Visa Inc. The network…