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FIU-IND Imposes Rs 5.49 Crore Penalty on Paytm Payments Bank.

Banking & Finance | Dated: 02 Mar 2026

The Financial Intelligence Unit-India (FIU-IND) has imposed a monetary penalty of Rs 5.49 crore on Paytm Payments Bank for violations of the Prevention of Money Laundering Act (PMLA). The penalty was issued due to failures in monitoring illegal activities linked to online gambling networks.

🎯 Key Highlights:

  • The FIU-IND initiated a review based on inputs from law enforcement agencies.
  • Illegal funds were allegedly routed through accounts maintained by the bank.
  • This adds to the existing operational restrictions imposed by the RBI.

💡 Other Important Facts:

  • Action: Penalty Imposed.
  • Target: Paytm Payments Bank.
  • Reason: PMLA Violations.

📚 Test Your Knowledge:

Which financial intelligence body recently imposed a Rs 5.49 crore penalty on Paytm Payments Bank for PMLA violations?

Correct Answer: FIU-IND

🚀 Quick Recap:

About FIU-IND

  • Formed - 2004
  • Ministry - Ministry of Finance