RBI Stops Paytm Payments Bank From Onboarding New Customers

Mariya Paliwala

11 March 2022 6:31 PM IST

  • RBI Stops Paytm Payments Bank From Onboarding New Customers

    The Reserve Bank of India (RBI) has directed Paytm Payments Bank to stop onboarding new customers with immediate effect, citing "material" supervisory concerns observed in the bank.The RBI has directed the Paytm Payments Bank to appoint an audit firm to conduct a comprehensive audit of its IT system, the Reserve Bank of India said in a statement. Onboarding of new customers by...

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