HomeIndia NewsRBI Bars Paytm Payments Bank From Opening New Accounts; Orders Audit of...

RBI Bars Paytm Payments Bank From Opening New Accounts; Orders Audit of IT System

The Reserve Bank has prohibited Paytm Payments Bank from opening new accounts. The move came into immediate effect yesterday.

Paytm Payments Bank has also been directed by the RBI to select an IT audit firm which will perform a complete audit of its IT System. 

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