Today(on 15th March),, Justice Prathiba M. Singh of the Delhi High Court ordered Ashneer Grover to remove recent allegations against BharatPe and its chairman, Rajnish Kumar. The court also directed The Economic Times to retract articles about Grover’s letters to the RBI. Grover was fined Rs. 2 lakh for disobeying the court’s order and using inappropriate language on social media.
RBI Governor Shaktikanta Das highlighted the regulatory action against Paytm Payments Bank, emphasizing the gravity of the violation and the central bank’s commitment to compliance and innovation. The decision followed unsuccessful bilateral engagements aimed at corrective measures. The RBI’s proactive approach reflects its dedication to maintaining financial system integrity while supporting fintech innovation.
