Paytm Bank Lesson for RBI

India’s first big fintech crisis

Vijay Shekhar Sharma, founder and chairman of One97 Communications Ltd., operator of Paytm, at the company’s listing ceremony in 2021.

Photographer: Dhiraj Singh/Bloomberg

Welcome to India Edition, I’m Menaka Doshi. Join me each week for a ringside view of the billionaires, businesses and policy decisions behind India’s rise as an emerging economic powerhouse.

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