RBI Bans Paytm Payments Bank from acquiring customers
The big push for Paytm. Under the new RBI rules, this digital payment bank will not be able to take any new customers at present. Not only that, an audit company will be brought in to audit the IT system of that company. Paytm Payment Limited will be able to do this only if the RBI gives permission after this whole audit. As a result, the country's digital payment system is going to be hit hard. Viewers Please stay with my Site for the Biggest Update about PAYTM.
Highlights
- Big push on Paytm payments.
- At present this company cannot take any new customer.
- RBI's strict edict.
Big news for Paytm Digital Banking. The country's highest banking institution, the Reserve Bank of India (RBI), has said that from now on, no new customers will be able to take Paytm Payments Bank. As a result of this announcement, digital banking is expected to take a big hit across the country.
What exactly is being said by the Reserve Bank of India or RBI? According to sources, a notice has been issued by the Reserve Bank of India (RBI). The notice states that in accordance with Act 35 (A) of the Banking Regulation Act, 1949, the Reserve Bank of India directs Paytm Payments Limited - not to take any new customers. Paytm Payments Bank has to stop this method immediately.
This is not the end. After this incident, it was further stated that RBI wants to conduct an audit against Paytm An audit firm will be appointed under the direction of RBI Through which the firm will conduct a proper and thorough investigation This search will continue on the IT system of that company It has been learned that Paytm Payments Bank will be able to take new customers only after the RBI conducts a thorough investigation into their IT system and then gives permission.
The importance of Paytm in popularizing digital banking in the country is immense. This company was the first to scan QR codes and teach them how to use digital payments. The company has gained a great name and popularity in the fintech business. Paytm's popularity among Indian customers is also huge. All in all, the announcement has the potential to be a two-way street. Just as Paytm will not be able to take on any new customers, the boom in the country's digital payments seems to be hitting a bit.
It is unknown at this time what he will do after leaving the post. Presumably, there is a hint of financial corruption. That is why the decision was taken by the Reserve Bank of India or RBI.
This decision on Paytm will do great harm to the digital payment system. So viewers please keep in touch with my site for this news. When we get proper news from time to time we updated our site.
