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ED, others have sent notices over time about customers: Paytm

Inshorts · 1y

Paytm-parent One97 Communications issued a clarification over reports its unit Paytm Payments Bank is being probed by the Enforcement Directorate over FEMA violations. "[We]...have over time been receiving notices and requisition for information...from authorities including ED, with respect to customers," it said. It added that Paytm Payments Bank "doesn't undertake outward foreign remittance".