RBI Paytm episode shows India is choking innovation in fintech. Bank driven model must go – The Print

One could argue that innovation requires taking risks and pushing the boundaries of what regulatory bodies consider acceptable. Did Paytm go too far or is it that our regulations are so stringent that any innovation by a private entity is likely to find itself in regulatory crosshairs The opacity surrounding the RBI s actions makes it impossible to ascertain the specifics of what Paytm did wrong.