BouncyQuokka
BouncyQuokka

Startups coming out in support of Paytm

I know a lot of people from startup community are coming out in support of VSS & Paytm. But they are happily ignoring the news & experts' words of caution. Look at what ex-RBI director has to say on the issue. IT WAS A DISASTER IN MAKING SINCE OCT'23. No one is above the law of land. Startups don't mean you can innovate at the expense of compliance. https://www.cnbctv18.com/finance/paytm-payments-bank-rbi-order-restrictions-disaster-in-the-making-18940381.htm

18mo ago
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FuzzyDonut
FuzzyDonut
Amazon18mo

India never truly ended License Raj.

SwirlyTaco
SwirlyTaco
PayTM18mo

It's necessary in some businesses to protect the consumers

PrancingBurrito
PrancingBurrito

It's not about License Raj.

Just read about how they were utilising customer's deposits.

PrancingBurrito
PrancingBurrito

Protecting customer's hard-earned money > Sympathising with non-compliant cash burning setups

MagicalPotato
MagicalPotato

True

BouncyMarshmallow
BouncyMarshmallow

This can happen to any bank. Not only Paytm

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PayTM, not a victim

Controversial take below: No doubt that PayTM has been a poster-boy of Indian fintech startups. And Vijay Shekhar Sharma has been an exceptional entrepreneur: building PayTM into a homegrown brand and a multi-billion dollar public compan...

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by SqueakyMuffinZomato

Going to buy Paytm Stock

RBI is a big bully, everybody knows that. RBI has bullied the likes of HDFC, ICICI and a lot of fintech startups. All it wants is that these folks are compliant with the rules.

RBI is one of the most stringent Central banks in the world...