Thousands of 'Paytm Payments Bank' Accounts Created Improperly: Report

The Reserve Bank of India (RBI) is concerned that some of the accounts could have been used for money laundering, the sources said, speaking on condition of anonymity.

The central bank has found hundreds of thousands of accounts at Paytm Payments Bank created without proper identification and has passed the information on to the country's financial crime-fighting agency, three sources familiar with the matter said.

The Reserve Bank of India (RBI) is concerned that some of the accounts could have been used for money laundering, the sources said, speaking on condition of anonymity.

As well as informing the Enforcement Directorate, the RBI has sent its findings to the Ministry of Home Affairs and the Prime Minister's office, they added.