Tamil NaduRBI banning Paytm Payments Bank from adding new customers

RBI banning Paytm Payments Bank from adding new customers

The Reserve Bank of India (RBI) today abruptly ordered e-commerce giant Paytm not to add new customers to its Paytm Payments Bank.

In a statement issued today, Yogesh Agrawal, General Manager, Reserve Bank of India, said: “Paytm Payments Bank should immediately stop recruiting new customers. Various audits are to be conducted in the bank.

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Paytm should also hire a qualified IT auditor to oversee the overall IT management of the company. Paytm Payments Bank will issue an RBI order on the addition of a new customer following a report by an IT auditor. ”

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