Paytm Payments Bank has been slapped a penalty of Rs 5.49 crore by the Financial Intelligence Unit-India for violations of its “obligations under the PMLA” rules. edtech major Byju’s was late in reporting its earnings for recent few years to regulators. Startups in India, buoyed by some adventurous investors that encourage this behaviour, are loose on compliances and they carry this forward even after they become much larger.