The Yogi Adityanath government has resurrected an earlier proposal to employ a private consultant and has issued a request for proposals for the ambitious project, which is aligned with Prime Minister Narendra Modi's goal of a $5 trillion Indian economy.
The matter has been sensationalised, according to Paytm's founder and CEO, and Paym Bank has been advised not to onboard new clients. Sharma also claims that Paytm Bank's entire board and management are based in India and are of Indian descent. An IT audit will be conducted, and the results will be forwarded to the RBI.
The broader index in India is expected to begin gap-down with a loss of 100 points, according to SGX Nifty trends.
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