Paytm Payments Bank barred by RBI from onboarding new customers1 min read 11 Mar 2022, 05:31 PM IST
This action is based on certain “material supervisory concerns” observed in the bank, says Reserve Bank of India
The Reserve Bank of India (RBI), in its latest order issued today, directed Vijay Shekhar Sharma-led Paytm Payments Bank Ltd to stop the onboarding of new customers. The central bank has said its action is based on “certain material supervisory concerns" observed in the bank. Sharma owns 51 per cent of Paytm Payments Bank.
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