Paytm Money settle market norms violation case with Sebi

Paytm Money, an arm of fintech firm One97 Communications, on Thursday settled with markets regulator Sebi a case pertaining to alleged violation of norms after paying `45.50 Lakh in settlement amount.

The case stemmed from alleged violations of Sebi’s technical glitch framework outlined in its circular dated November 25, 2022.

The order came after Paytm Money filed a settlement application in September last year, proposing to settle the instant proceedings initiated against it, without “admitting or denying the findings of facts and conclusions of law”.