The RBI on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others after February 29, 2024.
The Reserve Bank’s action against Paytm Payments Bank Ltd (PPBL) follows a comprehensive system audit report and subsequent compliance validation report of the external auditors.
These reports revealed persistent non-compliances and continued material supervisory concerns in the bank, warranting further supervisory action, the RBI said in a statement.
Kingdom Holding Company (KHC), a Saudi conglomerate with interests in key sectors such as hotel… Read More
Saudi Civil Aviation Holding Company (Matarat), in partnership with the National Center for Privatization &… Read More
The Malaysian national oil and gas company, Petroliam Nasional Berhad (Petronas) has been granted a… Read More
Telangana government, on Wednesday, issued orders allotting approximately 15,000 double bedroom housing units for rehabilitation… Read More
In an exciting cross-cultural celebration of beauty, poised to make waves in the world of… Read More
Salesforce and NVIDIA have announced a strategic collaboration to develop advanced AI capabilities for the… Read More