<p>Bengaluru: Enforcement Directorate (ED) has started a preliminary inquiry into Paytm Payments Bank, local broadcaster <em>CNBC-TV18</em> reported on Wednesday, citing sources. </p><p>That comes two weeks after the country's central bank ordered Paytm Payments Bank, an affiliate of Paytm to shut most of its business, including deposits, credit products and its popular digital wallets, by the end of February, citing "persistent non-compliance".</p><p>"We have always complied with the requirements dutifully," Paytm told <em>CNBC-TV18</em>. The report has no further details on the probe.</p>.Paytm hiring for various positions; claims high interest from top talents.<p>Paytm and the Enforcement Directorate did not immediately respond to <em>Reuters'</em> requests for comment.</p><p><em>Reuters</em> reported last week that Enforcement Directorate was investigating if Paytm and its banking associate were involved in violations of foreign exchange rules, allegations which the payments firm denied.</p><p>Since the central bank clampdown, Paytm has lost nearly 55 per cent of its market value. The company's shares fell nearly 10 per cent on Wednesday.</p>
<p>Bengaluru: Enforcement Directorate (ED) has started a preliminary inquiry into Paytm Payments Bank, local broadcaster <em>CNBC-TV18</em> reported on Wednesday, citing sources. </p><p>That comes two weeks after the country's central bank ordered Paytm Payments Bank, an affiliate of Paytm to shut most of its business, including deposits, credit products and its popular digital wallets, by the end of February, citing "persistent non-compliance".</p><p>"We have always complied with the requirements dutifully," Paytm told <em>CNBC-TV18</em>. The report has no further details on the probe.</p>.Paytm hiring for various positions; claims high interest from top talents.<p>Paytm and the Enforcement Directorate did not immediately respond to <em>Reuters'</em> requests for comment.</p><p><em>Reuters</em> reported last week that Enforcement Directorate was investigating if Paytm and its banking associate were involved in violations of foreign exchange rules, allegations which the payments firm denied.</p><p>Since the central bank clampdown, Paytm has lost nearly 55 per cent of its market value. The company's shares fell nearly 10 per cent on Wednesday.</p>