In response to concerns over potential financial fraud and regulatory compliance within India's fintech sector, the Reserve Bank of India (RBI) has intensified its oversight of fintech companies, including Paytm, with more frequent inspections and increased meetings with company executives. This move, described as an RBI Clampdown, marks a significant shift from the previously lighter regulation of this crucial business sector. The RBI's actions, aimed at bolstering scrutiny and investing in technology to better monitor compliance, come amid wider calls for greater business transparency in India and signal the beginning of a broader crackdown on potential fraud in the financial sector. The scrutiny has sparked industry concerns, particularly around the embattled fintech star Paytm, which is seen as a test case for the regulator's new approach. The situation is further highlighted by @andymukherjee70's commentary on the fast, furious, and possibly fraudulent nature of Indian fintech.