by AIP Online Bureau | Feb 22, 2024 | Articles, Eco/Invest/Demography, Regulation, Risk Management, Technology
Media reports suggest that more non-bank intermediaries after Paytm Payments Bank may expect a rap on the knuckles. Just what has made the Reserve Bank of India so cranky all of a sudden? Andy MukherjeeFirst, Paytm was asked to freeze its banking business, a crackdown...
by AIP Online Bureau | Feb 18, 2024 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
“I think it has drawn the attention of fintech entrepreneurs, to the fact that you also have to know how to comply with the law. Regulatory compliance is not an optional thing for any country in the world, certainly not in India, and it is something that they...
by AIP Online Bureau | Feb 16, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
As per a January 31 order of the central bank, PPBL was asked to stop further deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, and National Common Mobility Cards, after February 29 Mumbai: The banking regulator...
by AIP Online Bureau | Feb 4, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology, Wealth Management/ Philanthropy
The Reserve Bank of India (RBI) is concerned that some of the accounts could have been used for money laundering, Multiple accounts at Paytm Payments Bank were linked to the same identification proof and that transactions in those accounts ran into millions of rupees....
by AIP Online Bureau | Mar 12, 2022 | Indian News, Regulation, Technology
“The bank has also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system. Onboarding of new customers by Paytm Payments Bank Ltd will be subject to specific permission to be granted by RBI after reviewing report of...
