No FEMA violation found by ED in Paytm Payments Bank case: Report

As part of its probe, the central agency examined more than 50 lakh accounts and wallets, the report said. In the case of Paytm Payments Bank Limited (PPBL), the Enforcement Directorate (ED) has not found any violation under the Foreign Exchange Management Act (FEMA), The Hindu has reported quoting people familiar with the development.

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