Paytm Bank’s nine-member Board is filled with veterans from the financial sector, with at least two of them having experience in leading compliance functions at large international banks
However, many executives, especially those at the top, resist such a policy, fearing internal strife, exposing misconduct within the organisation, or resulting in personal consequences for those involved
The bill seeks to decriminalise 183 provisions in 42 different laws, replacing imprisonment with a monetary penalty. This should go a long way in decluttering the courts and expedite resolution.