Analysts said that the stringency of the Paytm Payments Bank action,
while directed at a single entity, signals that the bank won’t tolerate lapses.
“This is a warning to the entire sector," said Hemindra Hazari, a banking
analyst in Mumbai
By Abir Dasgupta
Chris Kay
The regulatory action started after a report by a SEBI-registered analyst Hemindra Kishen Hazari highlighted concerns about Axis Capital’s high-risk transactions earlier this year.
The regulatory action started after a report by a SEBI-registered analyst Hemindra Kishen Hazari highlighted concerns about Axis Capital’s high-risk transactions earlier this year.
Nikhil Inamdar & Archana Shukla
BBC News, Mumbai
“This is unprecedented,” says Hemindra Hazari, an independent business analyst. “Until yesterday it was allegations from the outside, now internal problems have become public. Something is seriously wrong.”
But things could take a turn for the worse if the controversy snowballs further, says Mr...
By Pavan C Lall
