Sources told ET that issues at Paytm Payments Bank were brewing for the past seven years and included complaints such as Violation of banking compliance norms on money laundering, conflict of interest, maintaining an arm’s length from the parent, lax processes allowing fraud, licensing agreement breaches.
FCNR(B) windfall for banks explained: Who got highest inflows and what it means for investors
FCNR(B) deposits offer banks a cheaper and balance-sheet-efficient source of funding, but their finite tenor and initial deployment challenges could pressure margins. While ICICI Bank