Paytm Money Gets SEBI Research Analyst Registration
Why in the news
SEBI granted Paytm Money a Research Analyst licence, letting the platform widen its investment offerings.
Key facts
- Regulator: SEBI; registration type: Research Analyst.
- Allows research reports and investment analyses for retail and institutional clients.
- Company says it fits its plan to expand offerings, improve user experience and give expert-backed insights.
- Next step: research and advisory features integrated into the app.
Background: Paytm Payments Bank issues
| Concern | Detail |
|---|---|
| Money-laundering | Transaction values went well beyond regulatory limits |
| Dormant accounts | 31 crore of 35 crore e-wallets dormant; raises mule account risk |
| KYC | Major irregularities put users at risk |
| Compliance | Submissions were faulty and incomplete |
| Audit | An external firm was to audit the systems |
Exam angle
- Research Analyst registration comes from SEBI.
- Paytm Payments Bank (PPBL) faced RBI action over KYC and AML concerns.