RBI asks Paytm Payments Bank to stop onboarding new customers
RBI hasn’t specified the inconsistencies found in the bank’s IT system. RBI claimed that the action is based on certain material supervisory concerns
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RBI hasn’t specified the inconsistencies found in the bank’s IT system. RBI claimed that the action is based on certain material supervisory concerns
The Reserve Bank of India (RBI) on Friday said it has banned Paytm Payments Bank from onboarding new customers with immediate effect.
India's central bank said on Friday it has directed Paytm Payments Bank to stop onboarding new customers with immediate effect, citing "material" supervisory concerns observed in the bank.
Proposed legislation that would create an “advisory council” to gather data on homeschoolers is meeting strong resistance.
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