Paytm Money settles Sebi norm violation allegations for Rs 45.5 lakh

Paytm Money, a wholly-owned subsidiary of One97 Communications, has paid ₹45.5 lakh to the Securities and Exchange Board of India (Sebi) as a settlement amount for alleged lapses in complying with the market regulator’s technical glitch framework.

A show-cause notice was issued to the company for the alleged violations, such as not setting a 70 per cent limit for generation of timely alerts for all critical assets and not submitting documentary evidence regarding peak load observed for the inspected period.