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.
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. ”